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Allen Family Digital Completes Acquisition Of 51% Of BuzzFeed For $120M, Byron Allen Assumes Role Of Chairman And CEO Of BuzzFeed

Benzinga Newsdesk 5 months ago

M&ANewsManagement

Under the terms of the agreement, the transaction was funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually. 

Under the terms of the agreement, the transaction was funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually. 

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