Buzzfeed sells popular ‘Hot Ones’ production company to George Soros-led group [Video]

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.”

HEIDI KLUM STRIPS DOWN TO BRA WHILE ANSWERING QUESTIONS IN ‘HOT’ INTERVIEW

First We …