Publishing

BuzzFeed Acquires Complex Networks for $300 Million in Latest SPAC

The deal gives BuzzFeed an implied valuation of $1.5 billion

Buzzfood logo surrounded by cash
Digital media darlings need scale to compete with walled gardens like Facebook and Google.Buzzfeed, Getty Images
By Lucinda Southern

June 24, 2021

BuzzFeed is the latest digital media business going public via the special purpose acquisition company route, giving the publisher an implied valuation of $1.5 billion.

Lucinda Southern

Lucinda Southern is Adweek's media editor.

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