Buzzfeed aquires HuffPo from Verizon Media
>“We’re excited about our partnership with Verizon Media, and mutual benefits that will come from syndicating content across each other’s properties, collaborating on innovative ad products and the future of commerce, and tapping into the strength and creativity of Verizon Media Immersive,” Jonah Peretti, the BuzzFeed founder and chief executive, said in a statement.
>“Verizon Media’s strategy has evolved over the past two years to focus on our core strengths — ads, commerce, content and subscriptions,” Guru Gowrappan, the Verizon Media chief executive, said in a statement. “We’ve created a powerhouse ecosystem, built on a trusted network, that delivers an end-to-end experience for consumers and advertisers. The partnership with BuzzFeed complements our road map while also accelerating our transformation and growth.”
>The companies said that, as part of the arrangement, Verizon Media will become a minority shareholder in BuzzFeed.
The mockingbirds are monopolizing. AKA consolidating their assets.