Buzzfeed is selling its popular show "Hot Ones" to a firm founded by billionaire financier and philanthropist George Soros for $82.5 million in a bid to repay millions of dollars of debt scheduled to be collected soon.
On Thursday, Buzzfeed confirmed the deal to sell the YouTube channel First We Feast, which hosts "Hot Ones", to a syndicate of buyers. The buyers include the founder of First We Feast, Chris Schonberger, and "Hot Ones" host Sean Evans. Other buyers within the syndicate are podcast media company Crooked Media, Rhett & Link's Mythical Entertainment and Soros Fund Management, the investment firm founded and owned by George Soros, reported the New York Times.
