Buzzfeed Sells ‘Hot Ones' Studio for $82.5 Million to Sean Evans, Crooked Media, Soros Fund and Other Investors [Yahoo! Finance]
BuzzFeed, Inc. - Class A (BZFD)
Company Research
Source: Yahoo! Finance
a group of investors that include the production company's founder Chris Schonberger and the host of “Hot Ones” Sean Evans as well as Crooked Media, Mythical Entertainment and Soros Fund Management. Additional investors will be announced at a later date. The all-cash deal saw the production company being sold for $82.5 million. Thanks to the proceeds of the transaction combined with a partial prepayment of Buzzfeed's outstanding convertible notes, Buzzfeed is now operating with a cash balance that exceeds its debt. “The sale of First We Feast and continued reduction of our convertible debt marks an important step in BuzzFeed, Inc.'s strategic transformation into a media company positioned to fully benefit from the ongoing AI revolution,” BuzzFeed founder and CEO Jonah Peretti said in a press release. “In the coming years, we will continue to invest in our most scalable and tech enabled services, launching new AI-powered interactive experiences, and delivering for our loyal audienc
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News
- Buzzfeed sells popular 'Hot Ones' production company to George Soros-led group [FOX News]FOX News
- BuzzFeed is selling Hot Ones [Verge, The]Verge, The
- BuzzFeed, Inc. Announces Sale of First We Feast to an Affiliate of Soros Fund Management in $82.5 Million All-Cash DealBusiness Wire
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BZFD
Sec Filings
- 12/17/24 - Form 4
- 12/12/24 - Form 8-K
- 12/2/24 - Form 4
- BZFD's page on the SEC website