BuzzFeed Is Acquiring HuffPost in a Broader Partnership Deal With Verizon Media

Jonah Peretti will lead the combined company

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BuzzFeed will acquire HuffPost from Verizon Media, the two companies said today in a joint statement. BuzzFeed CEO and founder Jonah Peretti, who also co-founded HuffPost—then known as Huffington Post—in 2005, will lead the venture.

The acquisition is part of a broader agreement between the two companies that includes technology sharing, cross-platform content promotion and a cash investment from Verizon Media into BuzzFeed, according to The Wall Street Journal. Verizon Media will continue to manage ad sales for HuffPost, and the companies plan to jointly pursue advertising opportunities.



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