BuzzFeed CEO Jonah Peretti is aiming to land $150 million from the sales of various Complex Networks assets, according to a new report by The Information.
The goal of the sale would be to pay off BuzzFeed’s debt and fix its Wall Street situation, the outlet reported, citing unnamed sources. The company’s stock has been trading low enough to risk being delisted from Nasdaq.
The annual ComplexCon festival and video series including “Sneaker Shopping” are among the assets Peretti is hoping to raise $150 million with, according to the report. However, the CEO hopes to retain a particularly valuable Complex asset, the food site First We Feast.