Ramaswamy acquires activist stake in BuzzFeed ...Middle East

The Hill - Technology

Biotech entrepreneur and former GOP presidential nominee Vivek Ramaswamy acquired an activist stake in BuzzFeed, according to a new regulatory filing. A May filing with the Securities and Exchange Commission shows Ramaswamy acquired a 7.7 percent stake and 2.7 million shares in BuzzFeed as the company continues to face financial challenges. The billionaire used his personal funds and is looking to implement "numerous operational and strategic opportunities to maximize shareholder value, including a shift in the company's strategy," the filing stated. When reached for comment over the move, Ramaswamy told The Hill "Stay tuned!" BuzzFeed, which has been known as a news, quiz

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Last updated : 22 May 2024 clock 06:52 PM

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Ramaswamy acquires activist stake in BuzzFeed ...Middle East

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