BuzzFeed Acquires News Website HuffPost From Verizon Media

BuzzFeed Acquires News Website HuffPost From Verizon Media
Buzzfeed employees work at the company’s headquarters in New York on Jan. 9, 2014. Brendan McDermid/Reuters
Reuters
Updated:

BuzzFeed on Thursday bought news website HuffPost from Verizon Communications Inc in the latest sign of consolidation in the online media world.

The deal brings two once-hot digital properties—viewed as the future of news media but which have suffered from competition for ad dollars from Alphabet’s Google and Facebook—under the control of one of HuffPost’s co-founders.