Buzzfeed sells popular 'Hot Ones' production company to George Soros-led group
Fox News
Buzzfeed sold the First We Feast media company behind the “Hot Ones" podcast series to an affiliate group of Soros Fund Management on Thursday for $82.5 million.
"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. Lindsay Kornick is an associate editor for Fox News Digital. Story tips can be sent to lindsay.kornick@fox.com and on Twitter: @lmkornick.
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."