BuzzFeed, which is cutting 15% of its staff, is reportedly exploring a merger with Group Nine, another digital-media company that owns brands like NowThis News and The Dodo.
While the two companies are not close to a deal—and could find different partners—they are discussing a merger, according to Recode, which first reported the news.
Speculation about a tie-up between the two companies has been bubbling in the media industry for months, and sources familiar with both companies say the two have indeed been discussing a merger. The two companies aren’t close to a finalized deal and may ultimately find different partners, reported Recode.
Full Content: Recode
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