NBC Universal Really Really Loves Buzzfeed
THE MEDIA GIANT WILL INJECT ANOTHER $2OO MILLION IN THE WEBSITE BRINGING ITS VALUATION TO ABOUT $1.7 BILLION
Buzzfeed CEO Jonah Peretti who earlier this week ratted on Ivanka Trump is probably having the best week ever. See, Mr. Peretti's website, Buzzfeed.com is worth a lot more today thanks to another $200 million vote of confidence from media behomoth NBC-Universal. The new injection pushes Buzzfeed's valuation to $1.7 billion and will no doubt be used to help fuel the company's new all in video strategy. It is safe to say that NBC Universal and Disney are in a digital media proxy war. NBC-Universal's new $200 million injection brings its all in total to $400 million for Buzzfeed. This is only matched by Disney's all in total of $400 million in Vice Media. Its only a matter of time before one of these media giants buys one of these digital media companies. The question is which one will take the leap first.
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NBC Universal Really Really Loves Buzzfeed Reviewed by Editor on Friday, October 21, 2016 Rating: