Comcast Files BuzzFeed Stake Update

TL;DR

Comcast updated its BuzzFeed stake filing. No major changes detailed here, but watch for future moves.

AI Summary

Comcast Corp. (via NBCUniversal Media, LLC and NBCUniversal, LLC) has filed an amendment (No. 5) to its Schedule 13D for BuzzFeed, Inc., as of May 29, 2024. This filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The filing relates to BuzzFeed, Inc.'s Class A Common Stock.

Why It Matters

This filing signals a potential shift or confirmation of Comcast's interest in BuzzFeed, which could impact strategic decisions or future collaborations between the two media companies.

Risk Assessment

Risk Level: medium — Filings like this can precede significant corporate actions or signal changes in investor sentiment, warranting attention from traders.

Key Players & Entities

• Comcast Corp. (company) — Filer of the Schedule 13D/A
• NBCUniversal Media, LLC (company) — Group Member of Comcast Corp.
• NBCUniversal, LLC (company) — Group Member of Comcast Corp.
• BuzzFeed, Inc. (company) — Subject Company
• Thomas J. Reid (person) — Chief Legal Officer and Secretary of Comcast Corporation

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 (Title of Class of Securities) 1243

Filing Documents

• dp211749_sc13da-5.htm (SC 13D/A) — 59KB
• 0000950103-24-007245.txt ( ) — 61KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a)-(b) is hereby amended and restated as

Item 5(a)-(b) is hereby amended and restated as follows: (a) The responses of the Reporting Persons to Rows (11) through (13) of the cover pages of this Schedule are incorporated herein by reference. As of May 28, 2024, the Reporting Persons shared beneficial ownership of an aggregate of 1,754,206 shares of Class A Common Stock of the Issuer, which is equal to approximately 4.98% of the outstanding shares of Class A Common Stock of the Issuer, based on 35,240,395 shares of Class A Common Stock of the Issuer that were outstanding as of May 10, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 (the “Issuer’s Most Recent Quarterly Report”) . However, the Reporting Persons’ 1,754,206 shares of Class A Common Stock represent less than 2% of the total voting power of all outstanding shares of the Issuer’s Class A Common Stock, Class B Common Stock and Class C Common Stock on a combined basis, as of May 10, 2024 , based on information disclosed in the Issuer’s Most Recent Quarterly Report . Except as disclosed in this Item 5(a), none of the Reporting Persons nor, to the best of their knowledge, any of their directors or executive officers, beneficially owns any shares of Class A Common Stock of the Issuer. (b) The response of the Reporting Persons to (i) Rows (7) through (10) of the cover pages of this Schedule and (ii) Item 5(a) hereof are incorporated herein by reference. Except as disclosed in this Item 5(b), none of the Reporting Persons, nor to the best of their knowledge, any of their directors or executive officers, presently has the power to vote or direct the vote or to dispose or direct the disposition of any of the shares of Class A Common Stock of the Issuer which they may be deemed to beneficially own. (c) Except as described in Item 3 of this Schedule, which is incorporated herein by reference, none of the Reporting Persons, nor, to the best of their k

View Full Filing

View this SC 13D/A filing on SEC EDGAR