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The buzz is that BuzzFeed is going public!INTL

The buzz is that BuzzFeed is going public!

The people’s favorite personality quizmaster, BuzzFeed Inc., is reportedly in talks to go public. You probably know BuzzFeed for its acclaimed journalism work, such as the investigation into Rudy Giuliani’s secret back-channel campaign in Ukraine, and the “What kind of Italian pasta shape am I?” quiz.

BuzzFeed is so trendy it couldn’t handle missing the SPAC party! The digital media outlet is considering a potential stock market listing through a merger with the blank-check company 890 5th Avenue Partners Inc.

BuzzFeed bought the Huffington Post’s online news service from Verizon Communications Inc. (VZ) back in November. As part of the deal, Verizon bought a minority stake and made an undisclosed cash investment in BuzzFeed.

why it matters
If this media powerhouse goes public, the added funding will allow it to strengthen its financial sheet and become a bigger threat to rivals like VICE Media and Vox Media. Perhaps we will even see more media collabs in the future, as a result.