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Published 2 months ago

BuzzFeed sells Complex for $108.6 million, will lay off some staff

  • BuzzFeed Inc. Sold off Complex to NTWRK, resulting in a significant stock increase.
  • The sale includes $108.6 million in cash and plans to lay off 16% of the workforce, saving $23 million annually.
  • CEO Jonah Peretti highlighted the sale as a strategic move to enhance profitability and innovation.
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