BuzzFeed Going Public, Valued At $1.5B In SPAC Merger
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT The digital media company, merging with a blank check firm named after the headquarters of Marvel's Avengers, plans to use the fresh cash to acquire Complex Networks. Digital media giant BuzzFeed is merging with a special purpose acquisition company (SPAC) and going public in a bid to roll up and consolidate some of the digital media industry. The deal will value the company at $1.5 billion. The company says that it has agreed to merge with 890 5th Avenue Partners, a SPAC which raised $250 million in an IPO earlier this year. 890 5th…