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BuzzFeed News in Talks for Investment From Laurene Powell Jobs’s Company

Matthew Garrahan and Shannon Bond, reporting for The Financial Times (paywall, alas, which you can sometimes poke through via Google News):

The editor of BuzzFeed has had discussions with the company started by Laurene Powell Jobs, the widow of the late Steve Jobs, about investing in the digital media company’s news division, according to two people with knowledge of the talks.

Discussions between Ms Powell Jobs’ company, the Emerson Collective, which last year took a majority stake in The Atlantic magazine, and Buzzfeed’s editor, Ben Smith, are at a preliminary stage and people close to the talks cautioned that a deal may not materialise.

BuzzFeed is doing great work, so I’m not surprised Powell Jobs would be interested.

Thursday, 1 February 2018