BuzzFeed said on Thursday it has sold First We Feast, creator of YouTube's popular talk show 'Hot Ones', to a group led by Soros Fund Management affiliate for $82.5 million, as the struggling media company faces a cash crunch.
A screen announces the debut of BuzzFeed Inc. at the Nasdaq Market in Times Square in New York City, U.S., December 6, 2021. REUTERS/Brendan McDermid/File PhotoBuzzFeed said on Thursday it has sold First We Feast, creator of YouTube's popular talk show 'Hot Ones', to a group led by Soros Fund Management affiliate for $82.5 million, as the struggling media company faces a cash crunch.
BuzzFeed aims to shift focus to high-margin, tech-enabled revenue streams like programmatic advertising and affiliate commerce. BuzzFeed had acquired First We Feast in 2021 as part of its $198 million in cash and 2.5 million split-adjusted shares of equity. The show has hosted a diverse range of guests, from talk show host Conan O'Brien to actors Margot Robbie and Hugh Jackman, with its episodes typically garnering tens of millions of views.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beloved actor Chew Chor Meng celebrates 56th birthday with wife and loved onesVeteran Singaporean actor Chew Chor Meng recently celebrated his 56th birthday with a lavish meal.
Read more »
Defendants, loved ones brace for 'Hong Kong 47' sentencingDozens of pro-democracy campaigners are to be sentenced on Tuesday (Nov 19) in Hong Kong, drawing to an end a marathon trial of 47 activists in a subversion case that has lasted years. Emilia
Read more »
Defendants, loved ones brace for 'Hong Kong 47' sentencingDozens of pro-democracy campaigners are to be sentenced on Tuesday (Nov 19) in Hong Kong, drawing to an end a marathon trial of 47 democrats in a subversion case that has lasted years. Emilia
Read more »
Nursing homes in S’pore tap professionals to recover fees from mentally incapacitated patientsThese patients do not have loved ones to take charge of their affairs.
Read more »
Cambodia's flagship canal in hot water as China funding dries upPHNOM PENH: At a ceremony in August, Cambodia's leader Hun Manet knelt to receive blessings from saffron-robed monks as fireworks and balloons heralded the breaking of ground for a canal he hopes will transform his country's economic fortunes.
Read more »
Chinatown resident stirs up trouble by claiming neighbour's cooking is making her flat too hotSeventy-year-old retiree Li cooks at home but the basic household activity seems to raise the ire of her neighbour.
Read more »