NBCUniversal Invests $200m In BuzzFeed

NBCUniversal has made a $200 million fairness funding in BuzzFeed, the companies announced on Tuesday. “We stay up for participating on tv content material, motion pictures, the Olympics, and joint partnerships with ad agencies and brands,” mentioned BuzzFeed government chairman Kenneth Lerer in a statement.

The deal increases BuzzFeed‘s valuation to $1.5 billion, Re/code stories. BuzzFeed attracts about 200 million visitors to its web page per 30 days, and its videos receive about 1.5 billion month-to-month views.

“BuzzFeed has built an exceptional world company that harmonizes know-how, knowledge, and advanced editorial skills to create and share content in progressive methods,” said NBCUniversal CEO Steve Burke in a remark. “They reach an incredible, loyal audience and have confirmed to be among the many most inventive, in style, and influential new media players.”

prior this month, NBCUniversal invested $200 million in every other internet media company, Vox.