BuzzFeed Is About to Get $250 Million Because Digital Media Is the New Hollywood

Just this morning, the news broke that NBCUniversal has a handshake agreement to invest $250 million in BuzzFeed at a $1.5 billion valuation, while also negotiating to invest in Vox Media at an $850 million valuation. And if you think NBCUniversal is doing this because it wants to own a bunch of websites, you’re crazy.Read the full article