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| BuzzFeed has plans to go public, CEO Jonah Peretti says | BuzzFeed has plans to go public, CEO Jonah Peretti says |
| (35 minutes later) | |
| BuzzFeed is planning an IPO, the company’s CEO Jonah Peretti announced at a tech conference on Wednesday. | BuzzFeed is planning an IPO, the company’s CEO Jonah Peretti announced at a tech conference on Wednesday. |
| Mr Peretti has not offered a timeline to launch his IPO but the social news and entertainment site was valued at $850 million last summer. | |
| “We’re very focused on building out internationally; we’re very focused on building out across multiple different platforms; we’re very focused on building out our video business,” he told ReCode. “Things that would allow us to be a public company”. | “We’re very focused on building out internationally; we’re very focused on building out across multiple different platforms; we’re very focused on building out our video business,” he told ReCode. “Things that would allow us to be a public company”. |
| BuzzFeed has plans to go public someday. #codecon http://t.co/pWiqSglL27 by @KurtWagner8 pic.twitter.com/UcIUD6R4qi | BuzzFeed has plans to go public someday. #codecon http://t.co/pWiqSglL27 by @KurtWagner8 pic.twitter.com/UcIUD6R4qi |
| Pando Daily’s David Holmes wrote at length on the result of the media company going public and what the company might do with its new revenue options. | Pando Daily’s David Holmes wrote at length on the result of the media company going public and what the company might do with its new revenue options. |
| “And what will BuzzFeed do with all that cash? Buy everyone. I don’t mean other media companies — that’s not its style. Instead it will poaches as many journalists, old and young, as it can from rivals,” he said. “As fast as a young reporter makes her name at a smaller upstart, BuzzFeed will scoop her up.” | “And what will BuzzFeed do with all that cash? Buy everyone. I don’t mean other media companies — that’s not its style. Instead it will poaches as many journalists, old and young, as it can from rivals,” he said. “As fast as a young reporter makes her name at a smaller upstart, BuzzFeed will scoop her up.” |
| Full disclosure: the author of this story is a former BuzzFeed staffer. |