Around the Net
Is NBCUniversal Putting Another $200M Into Buzzfeed?
- Re/code, Friday, October 21, 2016 10:57 AM
NBCUniversal is reportedly planning to invest another $200 million into Buzzfeed, in a deal that will value the digital publisher at about $1.7 billion. “Those are roughly the same numbers NBCUniversal used last year, when it first invested in BuzzFeed -- except that deal gave BuzzFeed a post-money valuation of $1.5 billion,” Recode reports. Yet, “since those deals, some … investors have become more wary about betting on digital media companies.”
