Deals
BuzzFeed Buys HuffPost From Verizon in Latest New-Media Deal
- Verizon acquires minority stake in BuzzFeed as part of pact
- The two companies agree to syndicate each other’s content
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BuzzFeed Inc. is buying the HuffPost online news service from Verizon Communications Inc., marking the latest shake-up for new-media publishers.
BuzzFeed and Verizon’s media arm also agreed to syndicate each other’s content in a broader partnership, the companies said in a statement Thursday. As part of the deal, Verizon is acquiring a minority stake in BuzzFeed, which will use the telecom giant’s advertising platform to reach more customers. Specific terms weren’t disclosed.