NBC Universal Will Invest $250 Million into BuzzFeed

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nbc universal will invest in buzzfeed

NBCUniversal and Buzzfeed are reportedly agreed upon a business deal that will have NBCUniversal invest $250 million into Buzzfeed.

In addition to this agreement, NBC Universal is also negotiating with Vox Media, to further grab the millennials.

As part of the agreements, NBCUniversal CEO Steve Burke will aim to have Buzzfeed and Vox distribute NBC content, and probably vice versa too.

Source: The Wrap