BuzzFeed to acquire HuffPost from Verizon in latest new-media deal

BuzzFeed Inc. will buy the HuffPost online news service from Verizon Communications Inc., marking the latest shake-up for new-media publishers. 

BuzzFeed and Verizon’s media arm also agreed to syndicate each other’s content in a broader partnership, the companies said in a statement Thursday. As part of the deal, Verizon is acquiring a minority stake in BuzzFeed, which will use the telecom giant’s ad platform to reach more customers. Specific terms weren’t disclosed.

The deal is a reunion of sorts for BuzzFeed Chief Executive Officer Jonah Peretti, who co-founded HuffPost.“I have vivid memories of growing HuffPost into a major news outlet in its