Akin Gump Advises 890 5th Avenue Partners, Inc. in Merger With BuzzFeed
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(New York) – BuzzFeed, the leading tech-powered media company for digital content and commerce for millennial and Gen Z audiences, announced today that it will merge with 890 5th Avenue Partners, Inc., a tech, media and telecom SPAC, to become a public company. A team from Akin Gump advised 890 in the transaction.
890 has approximately $288 million in trust. The transaction includes an additional $150 million in convertible note financing led by Redwood Capital Management. The parent company will be known as BuzzFeed, Inc. after the merger and listed on the public market under the ticker symbol “BZFD.”
The Akin Gump team advising 890 was led by corporate partner Alice Hsu, and included: corporate partners Kerry Berchem, Courtney York and Chris Centrich; senior regulatory counsel William Wetmore; associate Alex Schnapp; senior counsel David Lee; tax partner Aimee Adler; senior counsel Desiree Busching; and counsel Stuart Alter.
Additional information about the deal may be found here.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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