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Report: NBC is Investing $250 Million in BuzzFeed

BuzzFeed (AP Photo/Hal Horowitz/Invision)
BuzzFeed (AP Photo/Hal Horowitz/Invision)

(Business Insider) – NBCUniversal is reportedly investing $250 million in BuzzFeed at a $1.5 billion valuation, according to Re/code’s Kara Swisher and Peter Kafka.

BuzzFeed declined to comment on the report.

Most recently, BuzzFeed raised a $50 million Series E round last summer, led by Andreessen Horowitz’s Chris Dixon. The Series E capital infusion valued BuzzFeed at $850 million at the time.

BuzzFeed made more than $100 million in revenue in 2014.

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