Big Law
Buzzfeed in Talks to Go Public With SPAC Merger
BuzzFeed is looking to public by linking up with a SPAC, or special purchase acquisition company, according to a report in Bloomberg.
The media company, which recently acquired HuffPost, is in talks to merge with 890 5th Avenue Partners, Bloomberg reported on Wednesday. No financial terms were reported. BuzzFeed declined to comment while a rep for 890 5th Avenue did not immediately respond to TheWrap’s request for comment.
890 5th Avenue is named after the fictional Avengers mansion and is led by Executive Chairman Adam Rothstein and CEO Emiliano Calemzuk. The firm raised $287.5 million in a January initial public offering and has said it’s focused on technology, media, and telecommunications.
