BuzzFeed will buy the HuffPost online news service from Verizon Communications, marking the latest shake-up for new-media publishers.
BuzzFeed and Verizon’s media arm also agreed to syndicate each other’s content in a broader partnership, the companies said in a statement Thursday. As part of the deal, Verizon is acquiring a minority stake in BuzzFeed, which will use the telecom giant’s ad platform to reach more customers. Specific terms weren’t disclosed.
The deal is a reunion of sorts for BuzzFeed CEO Jonah Peretti, who co-founded HuffPost.