Sean Anthony
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05/12/2026
Digital entertainment company BuzzFeed Inc. sells majority stake to Byron Allen for $120 million. Allen to pay $3 per share for 52% stake, including HuffPost. Founder Jonah Peretti to transition to new role. BuzzFeed reports financial struggles, plans cost cuts. Allen aims to expand into free-streaming video. Source: https://thegrio.com/2026/05/11/byron-allen-buzzfeed-ceo-120m-investment/
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