BuzzFeed agreed to sell 4 million Class A shares at $1.44 per share to Allen Family Digital LLC, comprising 2.17M newly issued shares and 1.83M treasury shares. The transaction represents a capital raise for the struggling digital media company.
BuzzFeed agreed to sell 4 million Class A shares at $1.44 per share to Allen Family Digital LLC, comprising 2.17M newly issued shares and 1.83M treasury shares. The transaction represents a capital raise for the struggling digital media company.