M&A - BuzzFeed, Inc.

Form Type: 8-K

Filing Date: 2025-06-30

Corporate Action: Acquisition

Type: New

Accession Number: 000182897225000177

Filing Summary: On June 26, 2025, BuzzFeed Studios Canada, Inc., a subsidiary of BuzzFeed, Inc., acquired a majority stock interest in Girls Like Girls Film Inc. This acquisition involves Girls Like Girls Film Inc. bearing approximately $4.8 million in debt, with $4.0 million needing to be repaid from a contract with a third-party for distribution rights for a feature film and the remaining $0.8 million tied to expected production tax credits. The subsidiary also has a $0.4 million foreign exchange line of credit with no outstanding amount. Royal Bank of Canada is the lender for the debt and line of credit, and a commitment letter detailing the terms is included in the report.