BuzzFeed Acquired for $120M: Byron Allen’s Vision for Gaming & Media

Jonah Peretti, the co-founder of BuzzFeed (established in 2006), is stepping down as CEO and will take on a new position leading BuzzFeed AI. Allen will become Chairman and CEO, with plans to grow BuzzFeed into a major player in free video and audio streaming, user-created content, and film/animation production. He aims to significantly increase BuzzFeed’s audience, reaching the large scale achieved by platforms like YouTube – something the company has long sought.








