NTWRK Acquires Complex from BuzzFeed

February 26, 2024

NTWRK has acquired Complex (Complex Networks) from BuzzFeed in an all-cash deal valued at $108.6 million. The transaction includes investment and strategic partnership from Universal Music Group and other backers (including Jimmy Iovine) to combine Complex's youth-culture media and commerce capabilities with NTWRK's live-shopping platform.

Buyers
NTWRK, Universal Music Group, Jimmy Iovine
Targets
Complex (Complex Networks)
Sellers
BuzzFeed, Inc.
Location
California, United States
Transaction Type
Divestiture

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