Why Is BuzzFeed (BZFD) Stock Up 101% Today?

BuzzFeed (NASDAQ:BZFD) stock is heading higher on Thursday after the media company sold its Complex division to NTWRK.NTWRK is paying BuzzFeed $108.6 million in cash for Complex. BuzzFeed also received a $5.7 million payment covering the costs of using its New York offices, as well as for severance and other employee-related expenses.BuzzFeed said this business sale will allow it to focus more on its other businesses, including BuzzFeed and HuffPost. In addition to that, the company is planning for a restru ...