Buzzfeed sells popular 'Hot Ones' production company to George Soros-led group [FOX News]
BuzzFeed, Inc. - Class A (BZFD)
Company Research
Source: FOX News
Buzzfeed announced that it officially sold the company behind the "Hot Ones" YouTube show to a George Soros-funded affiliate. In a press release on Thursday, Buzzfeed revealed it closed the sale of the First We Feast media company to a consortium led by an affiliate of Soros Fund Management LLC for $82.5 million. The sale concludes months of efforts to sell the company and pay down millions in 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. He continued, "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 audience and business partners." First We Feast is most famously known for producing "Hot Ones," a long-running YouTube talk s
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News
- BuzzFeed is selling Hot Ones [Verge, The]Verge, The
- Buzzfeed Sells ‘Hot Ones' Studio for $82.5 Million to Sean Evans, Crooked Media, Soros Fund and Other Investors [Yahoo! Finance]Yahoo! Finance
- 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
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- 12/17/24 - Form 4
- 12/12/24 - Form 8-K
- 12/2/24 - Form 4
- BZFD's page on the SEC website