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BuzzFeed Names Amita Tomkoria to Lead Investor Relations
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
BuzzFeed has appointed Amita Tomkoria as the new Senior Vice President for Investor Relations. Tomkoria, formerly of Activision Blizzard (NASDAQ: ATVI), will oversee BuzzFeed’s investor relations strategy ahead of its public listing after merging with 890 5th Avenue Partners ($ENFA). This merger is set to close in Q4 2021, allowing BuzzFeed to trade as $BZFD. Tomkoria aims to leverage BuzzFeed's data-driven model to increase value for both audiences and shareholders.
Positive
Tomkoria joins BuzzFeed with extensive experience from Activision Blizzard and other major firms.
Strategic merger with 890 5th Avenue Partners expected to enhance BuzzFeed's market position.
Tomkoria’s background in investor relations may improve investor engagement and trust.
Negative
The merger timeline is reliant on conditions being met, and delays could impact market entry.
Investor sentiment may be cautious given the competitive media landscape.
Tomkoria Joins BuzzFeed From Activision Blizzard Ahead Of BuzzFeed Becoming a Public Company
NEW YORK & LOS ANGELES--(BUSINESS WIRE)--
BuzzFeed, the premier media company for digital content and commerce for millennial and Gen Z audiences, announced today that it has named Amita Tomkoria as Senior Vice President for Investor Relations. In her role leading BuzzFeed’s global investor relations strategy, Tomkoria will be responsible for building strong relationships with the investment community while communicating BuzzFeed’s long-term vision, business model and financial performance. BuzzFeed’s deal to become a publicly traded company by merging with 890 5th Avenue Partners, Inc., ($ENFA) a special purpose acquisition company (SPAC), is expected to close in Q4 of this year. Following the close, BuzzFeed, Inc., will trade under the ticker symbol $BZFD.
Amita Tomkoria (Photo: Business Wire)
Tomkoria comes to BuzzFeed most recently from Activision Blizzard (NASDAQ: ATVI) - a leading global developer and publisher of interactive entertainment that houses Call of Duty, Candy Crush and more - where she was responsible for executing the company’s investor relations strategy. She brings to her role at BuzzFeed deep public company experience and a track record of building and scaling best-in-class processes; prior to Activision, she held finance leadership roles at GE, Ebay and Deluxe Entertainment. Tomkoria earned her MBA from UC Berkeley’s Haas School of Business and her BA in Economics from Haverford College.
“I’m thrilled that Amita will be the key BuzzFeed liaison with investors, analysts and other key Wall Street stakeholders. She brings tremendous experience from the worlds of media, entertainment, and e-commerce, which are all key elements of BuzzFeed’s diversified revenue model,” said BuzzFeed Founder and CEO Jonah Peretti. “Once we’re a public company later this year, BuzzFeed will be in an ideal position to hit the ground running thanks to our solid financial performance, the addition of Complex Networks, our newly constituted board, and now, Amita leading Investor Relations.”
“I am so excited to join BuzzFeed at such a pivotal moment in the Company’s history,” said Amita Tomkoria. “BuzzFeed’s data-driven business model presents multiple opportunities to unlock value for audiences and shareholders alike across advertising, content and commerce and I look forward to helping the company realize this potential as it enters the next phase of growth.”
On June 24, 2021, BuzzFeed announced that it will merge with 890 5th Avenue Partners, Inc., ($ENFA) a special purpose acquisition company (SPAC), to become a publicly traded company. As part of the transaction, BuzzFeed entered into an agreement to acquire Complex Networks, a leading global youth network. The transaction is expected to close in Q4 2021, after which BuzzFeed will begin trading under the ticker symbol $BZFD. At that time, a new slate of leaders will join BuzzFeed’s Board of Directors. These will include: investor and talent manager Anjula Acharia; Adam Rothstein, Executive Chairman of 890 5th Avenue Partners; and Greg Coleman, an advisor to 890 and former BuzzFeed President. On August 30, 2021 Joan Amble, a seasoned audit expert with financial leadership experience at American Express and General Electric, also joined BuzzFeed’s Board as Audit Chair.
For more information about BuzzFeed including recent filings, investor presentations and more, visit www.bzfd.com.
BuzzFeed is the world's leading tech-powered, diversified media company that reaches hundreds of millions globally through its cross-platform news and entertainment network. The company produces articles, lists, quizzes, videos, and original series; lifestyle content through brands including Tasty, the world's largest social food network; original reporting and investigative journalism through BuzzFeed News and HuffPost; an industry-leading affiliate business, strategic partnerships, licensing and product development through BuzzFeed Commerce; and original productions across broadcast, cable, SVOD, film and digital platforms for BuzzFeed Studios.
