"NBCUniversal Buys Big Chunks of Vox Media and BuzzFeed"

From recode:

Last week Re/code reported that NBCUniversal was investing in BuzzFeed and Vox Media.

Now those deals are done, and NBCU and Vox Media are announcing their deal today.

The headline for now: The media giant is investing $200 million in Vox Media, at a pre-money valuation of $850 million, according to several sources. Which is another way of saying Vox Media is now worth more than $1 billion, after raising around $300 million altogether. (NBCU owner Comcast had previously invested in Vox Media, via its investment arm Comcast Ventures.)

BuzzFeed, meanwhile, is expected to be worth $1.5 billion after its NBCU investment, which multiple sources say is also $200 million — not the $250 million we had previously reported. We believe that secondary sales are involved in each investment — that is, early investors or employees may be selling shares as part of these rounds....MORE