Last week Re/code reported that NBCUniversal was investing in BuzzFeed and Vox Media.
Now those deals are done, and NBCU and Vox Media are announcing their deal today.
The headline for now: The media giant is investing $200 million in Vox Media, at a pre-money valuation of $850 million, according to several sources. Which is another way of saying Vox Media is now worth more than $1 billion, after raising around $300 million altogether. (NBCU owner Comcast had previously invested in Vox Media, via its investment arm Comcast Ventures.)