NEW YORK -
The buyer is a consortium of investors led by an affiliate of Soros Fund Management that also includes Sean Evans, the affable host of Hot Ones, and Mr Chris Schonberger, founder of First We Feast, the show's parent company.
Mythical Entertainment, the media company created by the YouTube duo Rhett & Link - Rhett James McLaughlin and Charles Lincoln "Link" Neal III - is also an investor.
The deal will allow BuzzFeed to pay down tens of millions of dollars in debt that was scheduled to come due this month. The company is reducing its debt load of nearly US$124 million by US$88.8 million, using proceeds from the sale and funding from its operations, leaving the company with more cash than debt on its books.
This story is from the December 14, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 14, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Fans wait 7 hours in the rain for (G)I-dle's Minnie at Chagee VivoCity opening
The incessant rain over the weekend did not deter fans from waiting for up to seven hours to catch a glimpse of K-pop girl group (G)I-dle's Minnie.
Actor Park Sung-hoon drops out of drama over sharing of explicit image
South Korean actor Park Sung-hoon - who faced a backlash over an explicit image he shared on social media in late December dropped out of K-drama The Tyrant's Chef, in which he was the male lead.
Los Angeles Fires Deliver Latest Blow to Embattled Hollywood
As Los Angeles is gripped by wildfires that resemble a Hollywood disaster movie, the city's vast entertainment industry is already counting the costs of yet another drastic setback that its workers can ill-afford.
Marina Bay Sands to light up in K-pop boy band Seventeen's colours
Fans awaiting their chance to catch K-pop boy band Seventeen during their concert stop in Singapore at the National Stadium on Jan 25 and 26 can hit up Marina Bay Sands (MBS) as an Instagram spot.
Resorts for every budget
From dreamy resorts to quirky hostels, here are some options to consider while on holiday in Krabi, Phuket and Khao Lak
In Kyrgios' fight and fall lies the beauty of the game
This game is rough. This game doesn't care about reputations.
ALCARAZ REVEALS SECRET
World No. 3 credits hard work after pulling off extraordinary shots in opening victory
'A DIFFERENT SPIRIT' IN SHOCK UNITED VICTORY
10 men beat Arsenal in shoot-out, Amorim positive on progress after their horrid spell
'Calm' Barca lift Super Cup after Real cave in
Barcelona hammered rivals Real Madrid 5-2 in a wild Spanish Super Cup Clasico final in Saudi Arabia on Jan 12 to win the first trophy of the Hansi Flick era.
Joy for Manchester clubs
The weekend's FA Cup third round featured EPL clubs aiming to dodge early exits. Here are five talking points.
