{"id":272525,"date":"2021-06-11T19:11:57","date_gmt":"2021-06-11T16:11:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/buzzfeed-looks-to-raise-200m-to-buy-complex-networks-report\/"},"modified":"2021-06-11T19:11:57","modified_gmt":"2021-06-11T16:11:57","slug":"buzzfeed-looks-to-raise-200m-to-buy-complex-networks-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/buzzfeed-looks-to-raise-200m-to-buy-complex-networks-report\/","title":{"rendered":"#Buzzfeed looks to raise $200M to buy Complex Networks: report"},"content":{"rendered":"

“#Buzzfeed looks to raise $200M to buy Complex Networks: report<\/strong>”<\/p>\n

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BuzzFeed is in talks to raise about $200 million in convertible bonds in order to make an offer to buy lifestyle publisher Complex Networks, according to a new report. <\/p>\n

The $200 million raise would come as BuzzFeed is trying to go public via a special purpose acquisition company, or SPAC, The Information said Thursday. The publication said BuzzFeed and the SPAC 890 Fifth Avenue Partners are \u201cgetting close to a resolution\u201d after discussing the deal for several months. A deal may be reached in \u201cthe next few weeks,\u201d the report added, citing anonymous sources.<\/p>\n

In the meantime, BuzzFeed is interested in inking a deal with New York-based media<\/a> company Complex, but negotiations are still ongoing and a deal is \u201cfar from certain,\u201d according to the report. Complex, which was founded in 2002 as a bi-monthly magazine by fashion designer Marc Ecko, has an equity value of about $300 million, the report said. Since then, Complex has mushroomed into a digital media force, which boasts a growing video and live events business. <\/p>\n

\"Complex's
A deal may be reached in \u201cthe next few weeks,\u201d the report added, citing anonymous sources.<\/figcaption>
Complex<\/span><\/figcaption><\/figure>\n

Neither BuzzFeed nor Complex returned requests for comment. <\/p>\n

Complex, which was acquired by Hearst and Verizon via a joint venture in 2016, would give BuzzFeed more millennial-focused muscle with its music-, sneaker- and pop culture-driven content, not to mention its annual marquee festival, ComplexCon.<\/p>\n

The Information said in March that BuzzFeed\u2019s potential deal with 890 Fifth Avenue Partners is priced \u201ca little below\u201d the company\u2019s peak valuation of $1.7 billion. It is unclear what BuzzFeed\u2019s valuation would be if it gobbled up Complex. <\/p>\n

In January, 890 Fifth Avenue Partners raised $250 million<\/a> when it started trading on Nasdaq. The blank check company is led by executive chairman Adam Rothstein, who is a co-founder and general<\/a> partner of Disruptive Technology<\/a> Partners, a tech and media-focused investment firm, and chief executive Emiliano Calemzuk, who is currently serving as lead independent director at MercadoLibre. <\/p>\n

The SPAC has said it plans on targeting businesses in the tech and media space for between $750 million and $2 billion.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Buzzfeed looks to raise $200M to buy Complex Networks: report” BuzzFeed is in talks to raise about $200 million in convertible bonds in order to make an offer to buy lifestyle publisher Complex Networks, according to a new report. The $200 million raise would come as BuzzFeed is trying to go public via a special…<\/p>\n","protected":false},"author":1,"featured_media":272526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/buzzfeed-complex-03.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[108989,80787,109093,109094,72323,73711,5007,70584],"class_list":["post-272525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-11-21","tag-buzzfeed","tag-complex","tag-complex-magazine","tag-digital-media","tag-investments","tag-ipo","tag-mergers-acquisitions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=272525"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/272526"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=272525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=272525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=272525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}