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Disney Tried To Buy Buzzfeed

  • Fortune, Tuesday, April 29, 2014 11:31 AM
Word is that Disney recently wanted to buy Buzzfeed, but they couldn’t agree on fair terms. “Talks apparently broke down over price -- with BuzzFeed said to have sought upwards of $1 billion -- and are not believed to still be active,” Fortune reports. “Discussions with Disney wound down as Disney's pursuit of multichannel video network Maker Studios heated up.” Disney has since agreed to pay $500 million for Maker -- “plus possible earn-outs that could bring the deal closer to $1 billion,” Fortune reports.  

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