BuzzFeed went public via a merger with 890 Fifth Avenue Partners in a $1.5bn deal.

BuzzFeed, a tech-powered media company for digital content and commerce for millennial and Gen Z audiences, went public via a merger with 890 Fifth Avenue Partners, a tech, media and telecom special purpose acquisition company, in a $1.5bn deal. The deal included a $150m convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial. "BuzzFeed is now the undeniable leader for the next generation of media. We’ve built a slate of essential brands, loved by the most diverse, engaged, and loyal audience on the Internet. With today’s announcement, we’re taking the next step in BuzzFeed’s evolution, bringing capital and additional experience to our business. I am thrilled to have Adam join our team as we work towards becoming the world’s preeminent digital media company," Jonah Peretti, Buzzfeed Founder and CEO.