huffpost | Pixr8 News

24Nov By AdityaNo Comments

ACQUISITION

BuzzFeed acquires HuffPost

NEW YORK, Nov. 24, 2020-- BuzzFeed acquire online content platform HuffPost from Verizon Media. The addition of HuffPost which BuzzFeed will acquire brings BuzzFeed a universally known brand with significant scale, and an audience complementary to its own. “Verizon Media’s strategy has evolved over the past two years to focus on our core strengths- ads, commerce, content and subscriptions,” said Guru Gowrappan, CEO, Verizon Media. “We’ve created a powerhouse ecosystem, built on a trusted network, that delivers an end-to-end experience for consumers and advertisers. The partnership with BuzzFeed complements our roadmap while also accelerating our transformation and growth.” “We’re excited about our partnership with Verizon Media, and mutual benefits that will come from syndica...

HuffPost Closes North Africa Edition after 6 Years of Launch

The North Africa edition of US news site HuffPost, covering Morocco, Tunisia, and Algeria, announced its closure, six years after it launched. "As of December 3rd, HuffPost Maghreb will no longer be publishing content," the site's homepage read, inviting readers to visit the US version. HuffPost Maghreb was the first version of HuffPost formerly Huffington Post to cater specifically to an African audience. Launched in the United States in 2005 and since rolled out in several other countries, HuffPost has since 2015 been owned by US telecoms firm Verizon. The North African version had offices in Rabat, Tunis and Algiers, and posted content written by its own teams and outside contributors in a blog section. No explanation was given for the closure apart from it "based on stra...

Snap Brings on Board Amazon & HuffPost Senior Executives

The parent company of the photo messaging app Snapchat called Snap Inc has announced the appointment of Amazon's head of advertising Jeremi Gorman as its chief business officer. Along with him, HuffPost media company Chief Executive Jared Grusd will also join as the chief strategy officer. The moves were disclosed in an internal memo shared by Snap. It was last month that Snap said its Chief Strategy Officer Imran Khan would step down, with his last day still undetermined. Khan was the latest top-level resignation from the company surrounded by pressure to stem a drop in users following a controversial redesign of the Snapchat app. Snap has set an aim of becoming profitable next year by growing users and ad sales. Snap did not previously have a chief business officer overseeing it...