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BuzzFeed Sells 'Hot Ones' to Soros Fund for $82.5 Million

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Source: NBC News
BuzzFeed Sells 'Hot Ones' to Soros Fund for $82.5 Million
Photo: NBC News
TL;DR

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.

Topics:business#business#buzzfeed#first-we-feast#hot-ones#media-acquisition#sean-evans
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  1. 'Hot Ones' studio sold by sold by Buzzfeed in $82.5 million deal  NBC News
  2. BuzzFeed Strikes Deal to Sell ‘Hot Ones’ Company for $82.5 Million  The New York Times
  3. ‘Hot Ones’ Studio Sold by BuzzFeed for $82.5 Million to Soros Fund, Sean Evans and Other Investors  Variety
  4. ‘Hot Ones’ Goes Independent: Buzzy Talk Show Owner Hatches New Investment  Deadline
  5. BuzzFeed survives by selling 'Hot Ones' to George Soros  Business Insider

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