Will BuzzFeed lead a SPAC gold rush for smaller digital media players?

  • BuzzFeed’s acquisition of HuffPost has sparked speculation that BuzzFeed could try to buy other digital media companies, possibly by joining forces with a SPAC.
  • SPACs, or Special Purpose Acquisition Companies, armed with hundreds of millions of dollars are already evaluating a variety of digital media ventures.
  • SPACs are likely to eye media companies with name recognition, like Vice Media or Vox Media.
  • Visit Business Insider’s homepage for more stories.

Is Jonah Peretti’s BuzzFeed on a path to going public? 

At small private industry dinners from Los Angeles to New York, executives from Special Purpose Acquisition Companies, or SPACs, are flooding the zone.

Last week, Buzzfeed stunned COVID-cowed medialand with news it was acquiring digital newspaper HuffPost from Verizon and giving the phone giant a stake in a larger entity. Verizon agreed to invest in the new company, sparking speculation that Peretti would try to add other companies while remaining independent,

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Exclusive: Gold market authority threatens to blacklist UAE and other centres

LONDON (Reuters) – The world’s most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory standards, a letter seen by Reuters showed.

FILE PHOTO: A woman walks past gold jewellery displayed in a shop window at the Gold Souq in Dubai, United Arab Emirates March 24, 2018. REUTERS/Christopher Pike

In the letter dated Nov. 6 addressed to countries with large gold markets, the London Bullion Market Association (LBMA) laid out standards they must meet on issues such as money laundering and where they source their gold – or be blacklisted.

The move by the LBMA is the first time a market or state authority trying to tackle the illegal or unethical production and trading of gold has raised the prospect of cutting off the bullion industry in a major financial centre.

“Our goal

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