Buzzfeed sells popular 'Hot Ones' production company to George Soros-led group

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...