Vivek Ramaswamy, the biotech entrepreneur and former Republican presidential candidate, has acquired a 7.7% stake in digital publishing company BuzzFeed.
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed, the digital publishing company that shut down its media outlet last year. Shares of the company skyrocketed higher Wednesday.
Ramaswamy acquired a 7.7% stake in BuzzFeed, according to a filing with the Securities and Exchange Commission late Tuesday. Ramaswamy said in the filing that he believes BuzzFeed's stock is undervalued. He is looking to speak with the company's board and management. BuzzFeed has struggled to prop up sales since it went public in 2021.
The son of Indian immigrants, Ramaswamy entered politics at the highest level after making hundreds of millions of dollars at the intersection of hedge funds and pharmaceutical research, a career he charted and built while graduating from Harvard University and then Yale Law School. Shares of BuzzFeed Inc., based in New York City, rose 22% to about $3.05 early Wednesday.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in BuzzfeedFormer Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed. Shares of the company are rocketing higher before the opening bell Wednesday. Ramaswamy acquired a 7.7% stake in Buzzfeed, according to a filing with the Securities and Exchange Commission.
Read more »
Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in BuzzfeedFormer Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed
Read more »
Vivek Ramaswamy goes activist with Buzzfeed stake, seeks strategic 'shift'GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is now devoting some of his wealth to the struggling media outlet.
Read more »
Vivek Ramaswamy Buzzfeed stake sends shares up 55%, seeking strategic 'shift'Former GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is devoting some of his wealth to the struggling media outlet.
Read more »
Vivek Ramaswamy Buzzfeed stake sends shares up 20%, seeking strategic ‘shift'Former GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is devoting some of his wealth to the struggling media outlet.
Read more »
Vivek Ramaswamy announces stake in BuzzFeed, sending BZFD shares soaringA filing with the Securities & Exchange Commission (SEC) shows that Vivek Ramaswamy, former pharmaceutical entrepreneur and recent Republican presidential candidate, now owns 7.7% of BuzzFeed (BZFD), an early millennial news and listicle site that garnered a heavy following a decade ago but has since fallen on hard times.
Read more »