Edge One Capital Takes Stake in BuzzFeed
July 29 2024 - 2:00PM
PR Newswire (US)
Edge One Capital takes an active stake to drive
shareholder value
RALEIGH,
N.C., July 29, 2024 /PRNewswire/ -- Edge
One Capital today announced its stake in BuzzFeed, Inc. It plans to
be an active and constructive partner in increasing long-term
shareholder value. "BuzzFeed is an iconic brand and digital media
platform, which also owns The Huffington Post and Tasty. BuzzFeed
must address the health of its financials, focus on shareholder
capitalism, and harness the power of AI to enable the best content
creation for it to achieve its full potential. Many of the concerns
about BuzzFeed stem from lapses in corporate governance and the
supervoting shares that privileged shareholders receive, which must
be addressed immediately," said Varun
Gupta, Founder and Managing Partner of Edge One Capital.
About Edge One Capital: Edge One Capital is an investment firm
based in Raleigh, North Carolina,
with an emphasis on deep long-term value for all of its
investments.
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SOURCE Edge One Capital
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