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Verizon | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Verizon Communications Inc.(5.2%),Verizon Business Global LLC(3.4%), etc.

SEC ·  Nov 14 22:07

Summary by Futu AI

Verizon Communications Inc. and its subsidiaries have filed an amendment to their Schedule 13G, indicating changes in their ownership of BuzzFeed, Inc.'s Class A Common Stock. As of September 30, 2024, Verizon Ventures LLC, a wholly owned subsidiary of Verizon, directly owns 642,222 shares, representing 1.8% of the class. Additionally, MCI Communications Services LLC, another Verizon subsidiary, directly owns 1,250,000 shares, which accounts for 3.4% of the class. The filing, dated November 14, 2024, follows a series of transactions including a reverse stock split and the sale of shares by Verizon Ventures. The total shares beneficially owned by Verizon's subsidiaries amount to 5.2% of BuzzFeed's Class A Common Stock. The filing ensures compliance with SEC regulations and indicates that the holdings are not intended for the purpose of changing or influencing the control of BuzzFeed.
Verizon Communications Inc. and its subsidiaries have filed an amendment to their Schedule 13G, indicating changes in their ownership of BuzzFeed, Inc.'s Class A Common Stock. As of September 30, 2024, Verizon Ventures LLC, a wholly owned subsidiary of Verizon, directly owns 642,222 shares, representing 1.8% of the class. Additionally, MCI Communications Services LLC, another Verizon subsidiary, directly owns 1,250,000 shares, which accounts for 3.4% of the class. The filing, dated November 14, 2024, follows a series of transactions including a reverse stock split and the sale of shares by Verizon Ventures. The total shares beneficially owned by Verizon's subsidiaries amount to 5.2% of BuzzFeed's Class A Common Stock. The filing ensures compliance with SEC regulations and indicates that the holdings are not intended for the purpose of changing or influencing the control of BuzzFeed.

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