BuzzFeed's journey to the public markets comes through a merger with 890 Fifth Avenue Partners, Inc., a special purpose acquisition company.
“Today I’m grateful to everyone who helped make BuzzFeed the destination for the best things on the internet: the video creators, the writers, the award-winning journalists, the internet visionaries — and the most socially engaged, diverse audience the world has ever seen,” said BuzzFeed founder and chief executive officer Jonah Peretti, who rang the bell at Nasdaq. “Our next chapter as a public company will help BuzzFeed, Inc.
exploring a potential merger with blank-check acquisition companies aiming for a valuation of at least $600 million.special purpose acquisition companyIn contrast, Vice Media’s SPAC talks reportedly ended in September, with the Brooklyn-based company instead raising $135 million from existing investors.
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