Davis Polk advised Comcast Corporation in connection with a $200 million equity investment by its subsidiary NBCUniversal in BuzzFeed, Inc. This investment follows an initial $200 million equity investment by NBCUniversal in BuzzFeed in September 2015 and will expand the strategic partnership between the two companies and fund the growth of BuzzFeed’s news and entertainment network.

Comcast is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. NBCUniversal is one of the world’s leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. BuzzFeed is a global media company that produces and distributes original news, entertainment and video. BuzzFeed is redefining online advertising with its social, content-driven publishing technology and reaches a global audience of over seven billion content views. 

The Davis Polk corporate team included Managing Partner Thomas J. Reid, counsel Ajay B. Lele and associate Camila Panama. Partner Pritesh P. Shah and associate Samantha Lefland provided intellectual property and technology advice. Partner Kyoko Takahashi Lin and associate Geoffrey E. Walter provided executive compensation advice. Counsel Susan D. Kennedy and associate Gregory A. Goldman provided real estate advice. All members of the Davis Polk team are based in the New York office.

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