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

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

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

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 ...

UPDATED with deal close: Allen Family Digital, an affiliate of Byron Allen's family office, has closed its deal to acquire to acquire a majority stake in digital media company Buzzfeed with Byron ...

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

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 ...

This is read by an automated voice. Please report any issues or inconsistencies here. Digital entertainment company BuzzFeed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron ...

*Byron Allen is stepping into one of digital media’s most recognized brands. The Los Angeles-based founder of Allen Media Group has reached an agreement to acquire a controlling interest in BuzzFeed, ...

Earlier this week, after years of financial struggles, BuzzFeed got a lifeline. Byron Allen, a media entrepreneur known for making sometimes unsolicited bids on massive companies such as Paramount ...