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Byron Allen taking over as BuzzFeed CEO after buying majority stake for $120M
May 12, 2026
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BuzzFeed said Monday media entrepreneur Byron Allen will take over as the digital media company’s next CEO after he entered into a deal to buy a stake of about 52 in the digital media company for 120 million. Shares of BuzzFeed soared about 156 in extended trading. The company has been grappling with a cash crunch as advertisers increasingly shift []
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Coverage and analysis from Armenia. All insights are generated by our AI narrative analysis engine.
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