August 11, 2014 – Buzzfeed recently raised another $50 million from Andreessen Horowitz to fund an expansion of the site, bringing its total value to about $850 million, according to the New York Times. To put that valuation in perspective, Amazon founder Jeff Bezos purchased The Washington Post for $250 million in 2013.
From the report:
“The investment comes a few months after talks fell apart between BuzzFeed and a potential buyer, The Walt Disney Company (DIS). BuzzFeed was ‘said to have sought upwards of $1 billion,’ a price tag that Disney was unwilling to consider, according to Fortune, which was the first to report on the talks in April.”