BuzzFeed to Acquire HuffPost in Stock Deal With Verizon Media

New-media companies have been exploring mergers as they try to jump-start growth

Jonah Peretti, BuzzFeed’s founder and chief executive and a co-founder of the original Huffington Post, will run the combined company.

Photo: Nicholas Hunt/Getty Images
By

Benjamin Mullin

and

Keach Hagey

BuzzFeed Inc. has agreed to acquire Verizon Media’s HuffPost in a stock deal, the companies said Thursday, uniting two of the larger players in digital media as companies across the sector search for ways to jump-start growth.

The acquisition is part of a larger deal between BuzzFeed and Verizon Media, a unit of Verizon Communications Inc. Under the pact, the companies will syndicate content on each other’s platforms and look to jointly explore advertising opportunities. Verizon Media will get a minority stake in BuzzFeed...

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