Philadelphia Business Journal

Comcast's NBCUniversal to Invest Another $200M Into BuzzFeed

BuzzFeed is getting another infusion of cash from Comcast's NBC Universal, which is investing another $200 million in the millennial-focused, digital media outlet.

The new funds double NBC Universal's investment in BuzzFeed, which has a post money valuation of $1.7 billion – slightly higher than the $1.5 million post-money valuation it had after last year's $200 million investment, reports Recode.

Comcast is the parent company of NBC10.

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