Fri, December 13, 2024
Thu, December 12, 2024

George Soros Firm Buys 'Hot Ones' from Buzzfeed for Millions of Dollars in Latest Fire Sale

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.

George Soros' investment firm, Soros Fund Management, has acquired the popular web series "Hot Ones" from BuzzFeed for several million dollars. This acquisition is part of BuzzFeed's ongoing strategy to divest non-core assets amid financial restructuring efforts. "Hot Ones," known for its format where celebrities answer questions while eating increasingly spicy chicken wings, has become a significant digital property, attracting millions of viewers and featuring high-profile guests. The sale reflects BuzzFeed's broader efforts to streamline operations and focus on more profitable ventures, following a series of layoffs and the closure of BuzzFeed News earlier in the year.

Read the Full MSN Article at:
https://www.msn.com/en-us/entertainment/celebrities/george-soros-firm-buys-hot-ones-from-buzzfeed-for-millions-of-dollars-in-latest-fire-sale/ar-AA1vKMef