"Hot Ones" Company Sold by BuzzFeed For $82.5M

BuzzFeed just sold one of the few properties in its shrinking empire that’s still generating substantial buzz in 2024: the company behind YouTube hit interview show “Hot Ones.” In a statement on Thursday, BuzzFeed announced that it had completed an all-cash sale worth $82.5 million for the First We Feast brand to Soros Fund Management, with host Sean Evans named as one of the investors in the deal.

Though it’s been shopping the First We Feast brand around for months now, the sale going through at this point feels particularly pivotal for BuzzFeed, with the company on the hook for $124 million worth of debt and interest payments that were due this month, per Business Insider. While the deal might have burrowed the digital-media company out of (most) of its debt-shaped hole, it also marks the end of BuzzFeed’s affiliation with one of the buzziest interview platforms on the internet.

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