Acquisition unites two of the largest players in digital mediaNews comes after both companies made deep cutsBuzzFeed has agreed to buy HuffPost the companies said Thursday, uniting two of the largest players in digital media in the latest example of consolidation in the sector.
The acquisition is part of a larger deal between Verizon Media, HuffPost’s owner, and BuzzFeed, with the media arm of the telecoms giant taking a minority shareholder in BuzzFeed.