CORRECTING and REPLACING BuzzFeed, the Leading, Culture-Defining Platform for Digital Content and Commerce, to Become a Publicly Listed Company through Merger with 890 Fifth Avenue Partners, Inc.

NEW YORK–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions.

The updated release reads: 

BUZZFEED, THE LEADING, CULTURE-DEFINING PLATFORM FOR DIGITAL CONTENT AND COMMERCE, TO BECOME A PUBLICLY LISTED COMPANY THROUGH MERGER WITH 890 FIFTH AVENUE PARTNERS, INC.

Proceeds from the Combination will include up to $288 Million in Trust and an Additional $150 Million in Convertible Note Financing

BuzzFeed also Announces Plans to Acquire Complex Networks

  • BuzzFeed will become publicly listed via a merger with 890 Fifth Avenue Partners Inc. (Nasdaq: ENFA), a publicly-traded special purpose acquisition company, or SPAC, which holds $288 million in cash in its trust account
  • BuzzFeed has also secured approximately $150 million in convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial…

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