Costs of the shares ranged anywhere between $1.54 and $2.51, according to the filing.
Ramaswamy said in the filing that he believes BuzzFeeds shares are undervalued and represent an attractive investment opportunity.
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A statement from a BuzzFeed spokesperson acknowledged that Ramaswamy would be heard.
Vivek Ramaswamy addresses the mediaDavid Dee Delgado/Getty Images
BuzzFeed is purposely structured to protect its editorial integrity.
We are always open to hearing ideas from our shareholders.
Shares rose to $4.44 in the market this morning when the Ramaswamy stake was revealed.
That was its highest midday level since April 2023, according toBloomberg News.
Ramaswamy made his fortune as a biotech investor and became a billionaire at one point.
