Disney Tried to Buy BuzzFeed

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/disney-tried-to-buy-buzzfeed/
LinkedIn

By: Erin Griffith and Dan Primack | Fortune

The Walt Disney Co. was in talks to acquire online content juggernaut BuzzFeed earlier this year, Fortune has learned. Talks apparently broke down over price — with BuzzFeed said to have sought upwards of $1 billion — and are not believed to still be active.

BuzzFeed last raised venture capital funding in January 2013, when it secured $19.3 million at around a $200 million valuation. But, even then, investors were touting the New York-based company’s ability to become a billion-dollar property.

Comments:

Your email address will not be published. Required fields are marked *