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Huff­Post has a new own­er, with its cur­rent par­ent com­pa­ny Ver­i­zon Media reach­ing an agree­ment to sell the site to BuzzFeed.

The Wall Street Jour­nal broke the news and described this as a stock deal. Ver­i­zon Media is also mak­ing an invest­ment in Buz­zFeed and becom­ing a minor­i­ty share­hold­er in the dig­i­tal media company.

The deal also includes an agree­ment to syn­di­cate con­tent between the two com­pa­nies while col­lab­o­rat­ing on adver­tis­ing and cre­at­ing a joint inno­va­tion group to explore oth­er mon­e­ti­za­tion opportunities.