Matt Shuham is a reporter on the HuffPost national desk. You can reach him at [email protected], [email protected], or via Signal, WhatsApp and Telegram at 646-397-4678.
The purchase raised questions about Ramaswamy’s intent. The filing indicated he intended to be an activist investor, pursuing discussions with management and BuzzFeed’s board of directors about strategy and even changes to ownership of the company. BuzzFeed is the parent company of HuffPost, which it acquired in 2021. According to the filing, Ramaswamy bought the shares for just under $4 million in total.The stock purchase made Ramaswamy a significant BuzzFeed shareholder.
Such a shift could include speaking with “potential acquirers,” the filing said, in addition to potential changes in management, corporate structure, dividend policy and strategy.. Ramaswamy said he pursued the investment because he believed the stock was “undervalued and represent an attractive investment opportunity.”his cash compensation from $325,000 to $115,000 and replacing that with awarded options to purchase 414,000 shares of the company’s Class A common stock.
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