890 5th Avenue Partners (ENFAU) to Combine with Buzzfeed in $1.5Bn Deal

890 5th Avenue (NASDAQ:ENFAU) has entered into a definitive agreement to combine with online media outlet BuzzFeed at an enterprise value of $1.5 billion, or 26.8x its 2021E EBITDA. New York-based BuzzFeed operates a range of news and entertainment content brands including the recently acquired HuffPost and will further acquire youth content engagement company Complex
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