Mario Tama
BuzzFeed (NASDAQ:BZFD) is looking to sell its food websites Tasty and First We Feast, according to a WSJ report on Thursday, which cited people familiar with the matter. BuzzFeed fell 2.5%,
The WSJ also reported that Fortress Investments, which took Vice Media over in bankruptcy last year, is in talks to sell its Refiner29 women’s lifestyle site. Fortress is in discussions with potential buyers for Refinery29, whose revenue fell to $30 million last year from $20 million in 2022. Vice Media bought Refinery29 for $400 million in 2019.
Vice and Buzzfeed (BZFD) declined to comment to the WSJ.
Late last month, The Information reported that BuzzFeed was near a deal to sell most of its Complex Networks business to the e-commerce startup Ntwrk for more than $100 million, less than the company had hoped.
Buzzfeed (BZFD) shares have plunged more than 97% since it went public through a SPAC deal in December 2021.
