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BuzzFeed is reportedly looking to raise $200 million in convertible bonds to acquire fellow digital publisher Complex Networks. The fundraising is reportedly occurring as BuzzFeed is exploring a public offering via a special purpose acquisition company (SPAC). SPACs are blank check companies listed on a stock exchange that then acquire private companies in order to take them public without having to go through the traditional processes. BuzzFeed and the SPAC 890 Fifth Avenue have been in talks for months and could reach a deal in coming weeks, reports The New York Post. BuzzFeed’s potential purchase of Complex was first reported by The Information, noting that the acquisition which would value Complex at roughly $300 million is still far from certain, per an anonymous source. BuzzFeed is reportedly looking to raise $200 million in convertible bonds to acquire fellow digital publisher Complex Networks.

New yorkUnited statesEmiliano calemzukAdam rothsteinNew york postDisruptive technology partnersHot onesComplex networksHomepage featureபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஆடம் ரோத்ஸ்டீன்புதியது யார்க் போஸ்ட்சீர்குலைக்கும் தொழில்நுட்பம் கூட்டாளர்கள்சூடான ஒன்று