Skadden, Arps, Slate, Meagher & Flom LLP advised BuzzFeed on the deal.
BuzzFeed announced with Verizon Media the acquisition of HuffPost by BuzzFeed, a new strategic partnership across content and advertising, and an investment that will make Verizon Media a minority shareholder in BuzzFeed. From powering new consumer shopping experiences, to content syndication, to innovative ad products, the partnership will unlock new revenue opportunities for both media companies.
Verizon Media, a division of Verizon Communications Inc., houses a trusted media ecosystem of premium brands like Yahoo and TechCrunch to help people stay informed and entertained, communicate and transact, while creating new ways for advertisers and media partners to connect.
BuzzFeed is the world’s leading tech-powered media company, with a cross-platform news and entertainment network that reaches hundreds of millions of people globally.
HuffPost (formerly The Huffington Post to April 2017) is an American news aggregator and blog, with localized and international editions. The site offers news, satire, blogs and original content, and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture, comedy, healthy living, women’s interests and local news featuring columnists.
The Skadden team advising BuzzFeed included M&A partners Kenton King (Palo Alto; Picture) and Dohyun Kim (New York), and associates Vanessa Tarpos (New York) and Kailey Flanagan (New York); Intellectual Property and Technology partner Jose Esteves (New York/ Palo Alto) and associate Pramode Chiruvolu (Palo Alto); Labor and Employment Law partner David Schwartz (New York) and counsel Annie Villanueva (Palo Alto); Tax partner Jessica Hough (Washington, D.C.) and associate Robert Stevenson (Washington, D.C.); and Executive Compensation and Benefits counsel Berit Freeman (New York).
Involved fees earner: Pramode Chiruvolu – Skadden Arps Slate Meager & Flom; Jose Esteves – Skadden Arps Slate Meager & Flom; Kailey Flanagan – Skadden Arps Slate Meager & Flom; Berit Freeman – Skadden Arps Slate Meager & Flom; Jessica Hough – Skadden Arps Slate Meager & Flom; Dohyun Kim – Skadden Arps Slate Meager & Flom; Kenton King – Skadden Arps Slate Meager & Flom; David Schwartz – Skadden Arps Slate Meager & Flom; Robert Stevenson – Skadden Arps Slate Meager & Flom; Vanessa Tarpos – Skadden Arps Slate Meager & Flom; Annie Villanueva – Skadden Arps Slate Meager & Flom;
Law Firms: Skadden Arps Slate Meager & Flom;
Clients: BuzzFeed, Inc.;