Andreessen Horowitz Invests $50 Million in BuzzFeed

Andreessen Horowitz is investing $50 million in BuzzFeed, the entertainment and news site. The investment values the company at $850 million, the New York Times reported. Last week, the company hired former Huffington Post sales head Greg Coleman as its new president. Andreessen Horowitz general partner Chris Dixon said he will join the board.

This article originally appeared on Recode.net.

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