As Todd Spangler with Variety notes, BuzzFeed has sold First We Feast for $82.5 million to a "consortium of buyers" including First We Feast founder Chris Schonberger and "Hot One

BuzzFeed is selling First We Feast, the studio behind 'Hot Ones,' for $82.5 million to investors including Soros Fund Management and Sean Evans.

The sale, to a group that includes the show’s host, Sean Evans, and Soros Fund Management, will allow BuzzFeed to pay down tens of millions of dollars in debt.

The buyers include an affiliate of Soros Fund Management, progressive podcast company Crooked Media and Mythical Entertainment, the media company founded by the YouTube creators known as Rhett and Link.

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.

After months of searching for a buyer to take First We Feast — the production company behind Hot Ones — off its hands, BuzzFeed has finally secured an $82.5 million all-cash d

BuzzFeed sold First We Feast, the studio best known for producing “Hot Ones,” a popular interview show where celebrities eat a series of increasingly spicy chicken wings.

BuzzFeed has sold the studio behind the “Hot Ones” interview show, where celebrities eat spicy wings and answer questions about their careers.

The buyers include an affiliate of Soros Fund Management, progressive podcast company Crooked Media and Mythical.

BuzzFeed Inc. has sold First We Feast, its food-centered brand behind the popular YouTube interview show Hot Ones, to a group of investors for $82.5 million, ending a months-long search and raising cash to pay down debt.