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Byron Allen formally closes on a majority stake in BuzzFeed, buying 40M shares at $3/share, with $20M in cash and a $100M note due in five years (Todd Spangler/Variety)

Mediagazer · last updated

Todd Spangler / Variety:
Byron Allen formally closes on a majority stake in BuzzFeed, buying 40M shares at $3/share, with $20M in cash and a $100M note due in five years  —  Media entrepreneur and stand-up comedian Byron Allen now is the majority owner of BuzzFeed — the struggling digital media player that Allen plans …

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