Deals
BuzzFeed Is in Talks to Go Public Via 890 5th Avenue SPAC
- Media company is in talks with 890 5th Avenue Partners
- The move would help BuzzFeed fund future acquisitions
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BuzzFeed Inc., the digital-media outlet founded in 2006, is in talks to go public through a merger with 890 5th Avenue Partners Inc., a special purpose acquisition company, according to people with knowledge of the matter.
Once public, the company may use its currency to target future acquisitions, said one of the people, who requested anonymity because the talks are private. A transaction value couldn’t immediately be learned. As with any deal that hasn’t been finalized, it’s possible terms change or talks fall apart.