Freshfields Advises BuzzFeed on Proposed Majority Stake Investment by Byron Allen’s Family Office

Global law firm Freshfields is advising BuzzFeed, Inc. (Nasdaq: BZFD) on the proposed majority stake investment by Allen Family Digital, LLC, an affiliate of Byron Allen’s family office. Under the terms of the transaction agreement, Allen Family Digital will acquire approximately 52% of BuzzFeed’s outstanding shares upon closing, which is expected to occur by the end of May 2026. Freshfields previously represented BuzzFeed on its sale of Complex Networks, First We Feast and related sub-brands, including the internet show, “Hot-Ones”. Learn more about this transaction here.

The Freshfields team is led by partners Paul Humphreys, Michael Levitt and Max Sanders, senior associate Athanasios Tasopoulos and associate Tosin Owoka. Counsel Tracy Zhang and associate Peter Liddle are advising on capital markets matters. Partner Kyle Lakin and associate Jordan Phelan are advising on leveraged finance matters. Partner Lori Goodman and associate Lina Zhu are advising on executive compensation and employee benefits matters. Partners Taryn Zucker, Elizabeth Bieber, Erik Gerding, Melissa Hodgman and Brian Rance are advising on governance matters.