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BuzzFeed Sells Hot Ones for $82.5 Million as It Bets Big on AI
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Subscribe18 DEC 2024 / FINANCE
BuzzFeed has sold First We Feast, the media company behind the YouTube show Hot Ones, for $82.5 million to a group led by Soros Fund Management, that also includes Crooked Media and Mythical Entertainment. The sale enables BuzzFeed to significantly cut its debt, highlighting a broader strategic shift toward tech-driven revenue models including AI-powered experiences and programmatic advertising.
In a move hotter than the wings on Hot Ones itself, BuzzFeed has cashed in, selling First We Feast, the media company behind the spicy YouTube sensation, for a cool $82.5 million. That’s right, after almost a decade of hot wings and hotter questions, the...
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