Digital-media outlet BuzzFeed is in merger talks with 890 5th Avenue Partners Blomberg reports, citing people with knowledge of the matter.
The deal talks follow a tumultuous year for BuzzFeed, which laid off employees during the pandemic and lost revenue from advertising and live events. The company’s balance sheet had improved by last November, when it agreed to buy the HuffPost online news service from Verizon Communications. But now it’s undergoing another round of layoffs as it pares some staffers from that acquisition. Read more.
