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BuzzFeed

Reuters | Equities.com |

BuzzFeed Inc will go public through a merger with blank-check company 890 5th Avenue Partners Inc (Nasdaq: ENFA), named after the fictional Avengers mansion, in a deal valuing the online media outlet at $1.5 billion.

The deal includes a $150 million convertible note financing led by Redwood Capital Management, with participation from institutional investors including CrossingBridge Advisors, Cohanzick Management and Silver Rock Financial LP.