BuzzFeed is selling a majority stake to Byron Allen’s family office: $120M for 40M shares at $3, giving Allen ~52% control. He’ll become Chairman & CEO; Jonah Peretti shifts to President of BuzzFeed AI. Q1 2026: $31.6M revenue (-12% YoY), net loss $15.1M, and they’re explicitly framing the future as AI + free, YouTube-style streaming.
› Dispatch
BuzzFeed AI …
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