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04-29-2014, 03:22 AM
Disney Wanted to Buy BuzzFeed, Report Says
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Disney considered buying viral media website BuzzFeed but did **t want to shell out the $1 billion asking price, according to a report.
Disney would later go with Maker Studios, the YouTube-centric video production company, according to Fortune (http://tech.fortune.cnn.com/2014/04/28/disney-tried-to-buy-buzzfeed/)
Maker cost Disney $500 million, but could add a**ther $450 million if the video producer hits certain incentive targets, bringing it close to the $1 billion asking price of BuzzFeed.
BuzzFeed declined to comment. Disney did **t immediately respond to request for comment.
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Disney considered buying viral media website BuzzFeed but did **t want to shell out the $1 billion asking price, according to a report.
Disney would later go with Maker Studios, the YouTube-centric video production company, according to Fortune (http://tech.fortune.cnn.com/2014/04/28/disney-tried-to-buy-buzzfeed/)
Maker cost Disney $500 million, but could add a**ther $450 million if the video producer hits certain incentive targets, bringing it close to the $1 billion asking price of BuzzFeed.
BuzzFeed declined to comment. Disney did **t immediately respond to request for comment.
Have something to add to this story? Share it in the comments. Read more... (http://mashable.com/2014/04/28/disney-buzzfeed/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
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