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Entertainment mogul Byron Allen to acquire Buzzfeed, HuffPost
Key takeaways
- Digital entertainment company Buzz Feed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron Allen for $120 million.
- BuzzFeed announced the sale late Monday, saying Allen Family Digital had agreed to pay $3 apiece for 40 million shares, representing a 52% stake in the company.
- Allen will pay $20 million in cash up front, with the remaining $100 million due in five years.
Comedian and media mogul Byron Allen in Los Angeles in 2019. (Chris Carlson / Associated Press) By Meg James Staff Writer Follow May 11, 2026 5:03 PM PT 3 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
Digital entertainment company Buzz Feed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron Allen for $120 million.
BuzzFeed announced the sale late Monday, saying Allen Family Digital had agreed to pay $3 apiece for 40 million shares, representing a 52% stake in the company.
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