KenyaBuzz has been in operation for more than a decade now. But it seems all through it had been making huge losses or simply the profit they obtained was lesser than the energy they used to run it.
At some point, it was bidded at 5million and a willing buyer turned up. But the deal was later not closed.
Finally some years later, Kenyas leading media conglomerate Nation media group has bought it at a throw away price.
Though NMG has not revealed the price tag, closer sources revealed that it was sold barely for 2 million.
The initial owners had had a fair share share of its market struggle.
The eyes now remain fixed on how NMG plans to revive the KenyaBuzz magazine.
