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BuzzFeed in talks to go public through merger with 890 5th Avenue, a SPAC focused on media and telecom

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  • BuzzFeed is in talks to go public via a merger with 890 5th Avenue, Bloomberg reported Wednesday.
  • 890 5th Avenue is a special purpose acquisition company focused on media and entertainment.
  • The deal talks are not finalized and could still fall apart, according to Bloomberg.
  • See more stories on Insider’s business page.

BuzzFeed is considering going public through a merger with the special purpose acquisition company 890 5th Avenue Partners, Bloomberg reported Wednesday.

The terms of the deal aren’t publicly known at this point, and talks are ongoing and could still fall apart, according to Bloomberg.

BuzzFeed and 890 5th Avenue did not immediately respond to requests for comment on this story.

BuzzFeed, a New York City-based digital media company, was founded in 2006 and completed its acquisition of HuffPost from Verizon in February, before laying off 47 staffers earlier this week

890 5th Avenue raised $287.5 million through its initial public offering in January.

The SPAC , a “blank check” company formed specifically for the purpose of mergers and acquisitions, said it plans to focus on media and entertainment businesses.

Source: Business Insider

BuzzFeed in talks to go public through merger with 890 5th Avenue, a SPAC focused on media and telecom

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