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BuzzFeed acquires HuffPost from Verizon Media in new deal

Nov 20, 2020 19:15 IST

BuzzFeed on Thursday acquired news website HuffPost from Verizon Communications Inc. The deal brings two once-hot digital properties together, in the latest consolidation in the online media world. Verizon, which also owns Yahoo and TechCrunch, said it will invest in the new combined company and take a minority stake. The two digital media giants will syndicate each other’s content in a broader partnership, explore monetization opportunities and leverage ad formats, the companies said in a statement.

International