BuzzFeed appears to be edging closer to its public debut. The media company is in talks with a SPAC led by venture capitalist Adam Rothstein to go public. The SPAC includes a number of media executives on its board or as advisors, including former BuzzFeed president Greg Coleman, former ESPN digital chief John Kosner and current NBCUniversal ad chief Linda Yaccarino. The report didn’t have...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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