Announced
Financials
Sources
Tags
Private
United States
Acquisition
Domestic
Friendly
Majority
Entertainment
youth entertainment
Pending
Single Bidder
Synopsis
BuzzFeed, an American Internet media, news and entertainment company, agreed to acquire Complex Networks, a global youth entertainment company, from communication firms Hearst and Verizon for $300m. "I’m incredibly excited to welcome Complex Networks to BuzzFeed. Complex is one of the most interesting and dynamic companies in the space, and a true leader in culture and entertainment. The fact that the Complex audience skews more male and more diverse than BuzzFeed will make our company stronger. And I want to thank Rich Antoniello for agreeing to come on as an advisor to BuzzFeed -- he’s one of the most innovative, visionary entrepreneurs I know," Jonah Peretti, BuzzFeed Founder and CEO.
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