M&A Deal Summary

BuzzFeed Acquires The Huffington Post

On November 19, 2020, BuzzFeed acquired digital media company The Huffington Post from EdgeCast

Acquisition Highlights
  • This is BuzzFeed’s 1st transaction in the Digital Media sector.
  • This is BuzzFeed’s 2nd transaction in the United States.
  • This is BuzzFeed’s 2nd transaction in New York.

M&A Deal Summary

Date 2020-11-19
Target The Huffington Post
Sector Digital Media
Buyer(s) BuzzFeed
Sellers(s) EdgeCast
Deal Type Divestiture

Target

The Huffington Post

New York, New York, United States
The Huffington Post is an online news source and blog offering content spanning business, politics, entertainment, and technology. The Huffington Post was formed in 2005.

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Buyer(S) 1

Buyer

BuzzFeed

New York, New York, United States

Category Company
Founded 2006
Sector Digital Media
Employees611
Revenue 190M USD (2024)
DESCRIPTION

BuzzFeed is an independent digital media and tech company delivering news and entertainment content to a global audience. The company covers breaking news, produces original video, and creates content that people want to share on the web. BuzzFeed was formed in 2006 and is based in New York, New York.


DEAL STATS #
Overall 2 of 3
Sector: Digital Media M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: New York M&A 2 of 3
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Torando Labs

New York, New York, United States

Torando Labs, Inc. is a provider of software tools for data engineering.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Complex Networks

New York, New York, United States

Complex Networks champions the people, brands, and new trends needed to know now, will obsess over next, and builds consumer universes around them. The company was formed from the acquisition of Complex Media Inc. through a joint venture by Verizon and Hearst, creates and distributes original programming with premium distributors including Netflix, Hulu, Turner, Corus, Facebook, Snap, Fuse, Pluto TV, Roku, and more. Its content spans across the music to movies, sports to video games, fashion to food, and more. Complex Networks was formed in 2002 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

EdgeCast

Los Angeles, California, United States

Category Company
Founded 2006
Sector Information Technology
Revenue 285M USD (2021)
DESCRIPTION

EdgeCast helps companies meet the ever-growing expectations of their customers. Edgecast's set of solutions across content delivery, cloud security, and video streaming, combined with a team of customer-oriented domain experts, streamlines operations and improves efficiencies, so businesses can redirect their energy into creating value for their customers not managing multiple vendors and workflows. EdgeCast was founded in 2006 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 3
Sector: Digital Media M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 MaQuest

Denver, Colorado, United States

MapQuest.com is an online supplier of mapping and destination information. The Company brings over 30 years of mapping experience together with proprietary systems for integrating and editing of geographic databases to provide comprehensive online mapping solutions for businesses and consumers.

Sell -