From a valuation of 1.7 billion USD to a fire sale of 120 million USD! BuzzFeed (BZFD.US) sold at a "rock-bottom price" to media mogul Byron Allen. After hours, the stock price skyrocketed by 200%.

According to the intelligent financial APP, BuzzFeed(BZFD.US), which once represented the future of the media, reached a significant turning point in 2026. Comedian and media tycoon Byron Allen has agreed to acquire approximately 52% of the shares of this digital media company for $120 million and will take over the positions of chairman and CEO from co-founder Jonah Peretti.