890 5th Avenue Partners, Inc. (ENFA)

Shares of BuzzFeed Inc slumped 13% in their Nasdaq debut on Monday, after the digital media company completed a $1.5 billion blank-check merger last week that saw a majority of investors pull out their money.

Shares of BuzzFeed, a digital media company, fell 12% Monday after going public through a special purpose acquisition company.

BuzzFeed Inc. BZFD, -2.93% said its shares would begin trading Monday on the Nasdaq after the digital media company closed its business combination with 890 5th Avenue Partners Inc., a special purpose acquisition company. The company's roster of media properties includes BuzzFeed, BuzzFeed News, Complex Networks, HuffPost and Tasty.

American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected.

Digital media company BuzzFeed Inc. is set to go public by merging with a SPAC, with trading due to start on Dec. 6, 2021 under the symbol BZFD.

BuzzFeed may soon trade on the stock market, serving as a bellwether for the rest of the media industry's financial futures. Even before the decision on going public is final, though, it's already reflecting a key tension in the industry: In preparation for the vote that will take the company public, much of its staff is staging a walkout.

BuzzFeed, which is set to begin trading in the coming days, will likely raise "a fraction" of the $287.5 million it initially expected.

The company still loses money, but its revenue rose 20 percent in the third quarter. Investors who want to own a piece can do so around Dec. 6.

NEW YORK--(BUSINESS WIRE)--BuzzFeed, the leading tech-powered media company for digital content and commerce for millennial and Gen Z audiences, today announced that Joan Amble has joined its Board of Directors as Audit Chair. Amble, who previously served as Executive Vice President, Finance, and Comptroller for American Express, will bring decades of finance, accounting and public company experience to BuzzFeed's Board of Directors and help BuzzFeed navigate a new period of growth as a public

NEW YORK--(BUSINESS WIRE)--BuzzFeed and 890 Fifth Ave S4 filing

BuzzFeed Inc. (BZFD) is to list in New York via a Special Purpose Acquisition Company (SPAC) that will value the media group at US$1.5bn. The online paper will merge with 890 Fifth Avenue Partners Inc. (NASDAQ:ENFA), which has US$288mln in trust, while Redwood Capital Management will provide a US$150mln convertible note.

BuzzFeed's plan to go public includes an acquisition with an eye towards a younger audience and a bid to open up other revenue streams and rely less on advertising.

Today, online publisher BuzzFeed announced that it was going public through a merger with a publicly traded special purpose acquisition company (SPAC) called 890 Fifth Avenue Partners, which holds $288 million in its trust account.

Digital content and commerce company BuzzFeed is going public in a SPAC deal bringing a portfolio of brands aimed at millennials and Gen Z to the market. The SPAC Deal: BuzzFeed is merging with 890 Fifth Avenue Partners Inc (NASDAQ: ENFA) in a deal valuing the company at $1.5 billion.

The digital media company, which will merge with a publicly listed shell company in what is known as a SPAC deal, also lined up about $150 million in debt financing.

Digital news service BuzzFeed said Thursday it is going public by merging with special purpose acquisition corporation, or SPAC, 890 Fifth Avenue Partners Inc. in a deal with an implied valuation of 1.5 billion. SPACs, or blank-check companies, raise money in an initial public offering and then have two years to acquire a business, or businesses.