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956 Media Mogul Byron Allen to Buy Control of BuzzFeed

The Information
Martin Peers @ The Information · 05/11/2026 17:08 EDT

Media Mogul Byron Allen to Buy Control of BuzzFeed

Billionaire media mogul Byron Allen is to buy control of BuzzFeed for $120 million, rescuing the struggling digital media firm from likely extinction. The company announced the deal while reporting a 12.4% drop in first quarter revenue and a slightly increased net loss. As part of the deal, ...

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