Buzzfeed, inc. announces sale of first we feast to an affiliate of soros fund management in $82.5 million all-cash deal

New york--(business wire)--buzzfeed, inc. (nasdaq: bzfd) (the “company”) today announced the closing of its sale of first we feast to a consortium led by an affiliate of soros fund management llc in an $82.5 million all-cash deal. the proceeds of the transaction combined with a partial prepayment of the company's outstanding convertible notes has the company operating with a cash balance that exceeds its remaining debt. refer to the company's 8-k filed with the sec on december 12, 2024 for addi.
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