Digital media giant BuzzFeed is merging with a special purpose acquisition company (Spac) and going public in a bid to roll up and consolidate some of the digital media industry. The deal will value the company at $1.5 billion.
The company says that it has agreed to merge with 890 5th Avenue Partners, a Spac which raised $250 million in an IPO earlier this year. 890 5th Avenue — named after the headquarters of The Avengers in the Marvel comics universe — is led by CEO Emiliano Calemzuk and executive chairman Adam Rothstein, and counts NBCUniversal ad sale chief Linda ...
The company says that it has agreed to merge with 890 5th Avenue Partners, a Spac which raised $250 million in an IPO earlier this year. 890 5th Avenue — named after the headquarters of The Avengers in the Marvel comics universe — is led by CEO Emiliano Calemzuk and executive chairman Adam Rothstein, and counts NBCUniversal ad sale chief Linda ...
- 6/24/2021
- The Hollywood Reporter - Film + TV
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