Variety
·entertainment
·3 hours ago
Byron Allen Closes BuzzFeed Acquisition, Says Company Is Now ‘Officially Chasing YouTube’
Byron Allen closed his $120 million acquisition of BuzzFeed, becoming majority owner and chairman-CEO. Allen said the company is "officially chasing YouTube" by expanding into free-streaming video and audio powered by artificial intelligence. Founder Jonah Peretti transitioned to president of BuzzFeed AI, focusing on technology innovation and new media formats.
Summary by Glance · Variety
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