maybe investor like NBCUniversal want to recoup their money. Buzzfeed stock have been drilling ever since IPO. "In April, however, the deal was approved when B

maybe investor like NBCUniversal want to recoup their money. Buzzfeed stock have been drilling ever since IPO. "In April, however, the deal was approved when BuzzFeed CEO Jonah Peretti made NBC a guarantee of concessions that still came with a loss of some $100 million, people familiar with the matter said in the WSJ report. In order to ink the deal, Peretti agreed to terms that would put the burden on his company to raise its shares after the merger. According to the report, he had offered a portion of his stake to NBCUniversal if the shares did not reach their target." https://www.thewrap.com/nbcuniversal-expects-to-lose-100-million-on-buzzfeeds-plan-to-go-public-via-spac-report/ https://www.thewrap.com/nbcuniversal-expects-to-lose-100-mil...