Byron Allen is taking a majority stake in BuzzFeed -- investing $120 million in the digital media company -- and will become CEO.

Media Mogul, stand-up comedian, and TV producer Bryon Allen is set to become CEO of Buzzfeed after acquiring it in a $120 million deal. Current BuzzFeed CEO and co-founder Jonah Peretti will ...

Founder Jonah Peretti will transition to work on the firm's AI efforts as the former new media darling sputters as a publicly traded company.

The deal, previously announced on May 11, gives Allen ownership of both BuzzFeed and the Huffington Post, which BuzzFeed ...

The move with BuzzFeed is one of many major transitions for Allen this year, as his ‘Comics Unleashed’ series will ...

Byron Allen is acquiring a majority stake in BuzzFeed for $120 million and taking over as CEO. BuzzFeed said Monday it has entered into a transaction agreement with Allen Family Digital, an affiliate ...

Byron Allen talks about his $120 million BuzzFeed deal, what he plans to do with it, why he wants to buy Starz, and taking ...

Late-night TV isn't the only takeover Byron Allen's got on the books. In addition to inheriting Stephen Colbert's timeslot on May 22, the media mogul has recently acquired a "majority stake" ...

BuzzFeed, the digital media company that was once home to so many internet quizzes, is now in the hands of Byron Allen. The Detroit-born comic and multi-media mogul has acquired a majority stake in ...

Allen, whose company Allen Media Group owns The Weather Channel and more than 30 network affiliate broadcast channels, plans to acquire 40 million shares for $3 apiece, BuzzFeed said.

BuzzFeed aims to become a competitor of YouTube as it prepares to sell a majority stake to media mogul Byron Allen. Allen's vision for the struggling digital media company is to expand into free ...

Byron Allen is expanding his media empire by acquiring a majority stake in BuzzFeed Inc.