BuzzFeed Sells 'Hot Ones' to Soros Fund for $82.5 Million
TL;DR Summary
BuzzFeed has sold its food and pop culture brand First We Feast, known for the popular "Hot Ones" YouTube show, for $82.5 million in an all-cash deal. The buyers include First We Feast founder Chris Schonberger, "Hot Ones" host Sean Evans, and other investors like Crooked Media and Soros Fund Management. First We Feast will now operate independently, with plans to expand into new platforms and live events. The sale is part of BuzzFeed's strategy to reduce debt and focus on scalable, tech-enabled services.
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- BuzzFeed survives by selling 'Hot Ones' to George Soros Business Insider
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