BuzzFeed acquires news website HuffPost from Verizon Media

BuzzFeed has acquired news website HuffPost from Verizon Media, owner of Yahoo and TechCrunch. Verizon Media is also making an investment in BuzzFeed and becoming a minority shareholder in the digital media company. BuzzFeed CEO Jonah Peretti was one of the co-founders of The Huffington Post. Verizon Media had acquired The Huffington Post in 2011.