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‘Hot Ones’ Studio Sold by BuzzFeed for $82.5 Million to Soros Fund, Sean Evans and Other Investors
BuzzFeed is selling First We Feast, the studio behind 'Hot Ones,' for $82.5 million to investors including Soros Fund Management and Sean Evans.
Hosted by Evans and “known for its deeply researched questions,” the show has featured dozens of high-profile guests including Gordon Ramsay, Jennifer Lawrence, Shaquille O’Neal, Tom Holland, Jimmy Fallon, Kevin Hart, Post Malone, Millie Bobby Brown, Paul Rudd, Margot Robbie, David Beckham, Ryan Reynolds and Hugh Jackman. The divestiture of First We Feast “completes the company’s strategic shift away” from lower-margin content products, allowing for a greater focus on high-margin, tech-enabled revenue lines: programmatic advertising and affiliate commerce, BuzzFeed said. “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,” BuzzFeed founder and CEO Jonah Peretti said in a statement.
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