Fenwick Represents BuzzFeed in Public Listing After SPAC Business Combination and in Acquisition of Complex Networks

Fenwick represented BuzzFeed, a digital media company that reaches hundreds of millions globally through its cross-platform news and entertainment network, in its public listing on the Nasdaq Capital Market. The public debut comes after completing a previously announced business combination with 890 5th Avenue Partners, a special purpose acquisition company (SPAC), and after completing its previously announced acquisition of Complex Networks, a global youth entertainment company.

The new company is now known as BuzzFeed, Inc., and its shares of Class A common stock and warrants began trading on December 6, 2021 under the ticker symbols “BZFD” and “BZFDW”, respectively. The previously announced $150 million convertible notes offering closed concurrently with the business combination. More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners Mark Stevens, Ethan Skerry, James Evans, Dawn Belt, Eric Shedlosky, Aman Singh, and associates Janiece Jenkins, Eugene Karlik, Steven Jean, Kristen Nicol, Rachel Holland, Arielle Trapp, Sarah Hill, Riddhi Adhikari, Robina Gallagher, Elizabeth Gil; employee benefits and executive compensation partner Gerald Audant and counsels Laura McIntyre and Jane Piehler; technology transactions partner Vejay Lalla and associates Julia Arruda and Barbara Wong; privacy and cybersecurity counsel Helen Christakos; securities litigation partners Dean Kristy and Catherine Kevane; antitrust and competition partner Mark Ostrau; and tax partners Larissa Neumann and Will Skinner and associates Michael Knobler and Kris Hatch.