Byron Allen is taking a majority stake in BuzzFeed -- investing $120 million in the digital media company -- and will become CEO.

Founder Jonah Peretti will transition to work on the firm's AI efforts as the former new media darling sputters as a publicly traded company.

Media Mogul, stand-up comedian, and TV producer Bryon Allen is set to become CEO of Buzzfeed after acquiring it in a $120 million deal. Current BuzzFeed CEO and co-founder Jonah Peretti will ...

The deal, previously announced on May 11, gives Allen ownership of both BuzzFeed and the Huffington Post, which BuzzFeed ...

The move with BuzzFeed is one of many major transitions for Allen this year, as his ‘Comics Unleashed’ series will ...

Byron Allen talks about his $120 million BuzzFeed deal, what he plans to do with it, why he wants to buy Starz, and taking ...

Late-night TV isn't the only takeover Byron Allen's got on the books. In addition to inheriting Stephen Colbert's timeslot on May 22, the media mogul has recently acquired a "majority stake" ...

Media entrepreneur and stand-up comedian Byron Allen now is the majority owner of BuzzFeed — the struggling digital media player that Allen plans to use to launch a free-streaming platform that he ...

In May, Allen Media Group announced it would acquire BuzzFeed for $120 million, and Allen would become CEO. Allen succeeds Jonah Peretti, who will step into the role of president ...

BuzzFeed aims to become a competitor of YouTube as it prepares to sell a majority stake to media mogul Byron Allen. Allen's vision for the struggling digital media company is to expand into free ...

BuzzFeed, the digital media company that was once home to so many internet quizzes, is now in the hands of Byron Allen. The Detroit-born comic and multi-media mogul has acquired a majority stake in ...