Freshfields advised BuzzFeed, Inc. on its sale of Complex Networks (“Complex”) and related sub-brands to Commerce Media Holdings, LLC (d/b/a NTWRK). The transaction closed on February 21, 2024. More information on the transaction is available here. The Freshfields team was led by partners Paul Humphreys and Valerie Ford Jacob, senior associate Max Sanders, associates Simon Trisk, Sarah Darwish and Maria Koroleva on corporate and M&A matters; partner Lori Goodman, counsel Jordan Salzman and associate Lina Zhu on executive compensation and benefits matters; partner Joe Soltis, senior associate Courtney Canning, and associate Hannah Golden on tax matters; partners Jenn Mellot, special counsel Meytal McCoy and associate Sam Fulliton on antitrust matters; partners Michael Levitt and Kyle Lakin, counsel Tracy Zhang, senior associate Aashim Usgaonkar and associates Heather Kellam and Hadar Tanne on BuzzFeed debt matters; counsel Jeremiah Nelson on real estate matters; and partner Mena Kaplan and senior associate Marissa Yu on technology and transition support matters.