BuzzFeed (BZFD) jumps over 120% as Byron Allen acquires majority stake; Allen to become Chairman and CEO, Peretti to lead BuzzFeed AI.

*Byron Allen is stepping into one of digital media’s most recognized brands. The Los Angeles-based founder of Allen Media Group has reached an agreement to acquire a controlling interest in BuzzFeed, committing $120 million to the deal and assuming the ...

BuzzFeed Inc (BZFD) announces Byron Allen as the new CEO and plans for BuzzFeed Studios, despite facing a 12.4% revenue decline.