BuzzFeed acquires HuffPost in a deal

BuzzFeed acquired HuffPost in a deal uniting two virtual media pioneers seeking clean momentum in a troubled area. The deal lets BuzzFeed to take over HuffPost from discern firm Verizon Media and to use content material from different Verizon residences which include Yahoo, in line with a statement from the businesses.

It additionally makes Verizon a minority shareholder in BuzzFeed, with the two firms agreeing to a strategic partnership for content and advertising.

“We’re enthusiastic about our partnership with Verizon Media, and mutual benefits that will come from syndicating content material across each other’s residences, collaborating on modern ad products and the future of trade, and tapping into the strength and creativity of Verizon Media Immersive,” stated Jonah Peretti, leader government of BuzzFeed and one of the founders with Arianna Huffington of what changed into previously referred to as the Huffington Post.