A consortium led by an affiliate of Soros Fund Management completed the acquisition of First We Feast from BuzzFeed for $82.5m.

A consortium led by an affiliate of Soros Fund Management, a privately held American investment management firm, completed the acquisition of First We Feast, an online food-culture magazine and YouTube channel, from BuzzFeed, a cross-platform digital media company delivering news and entertainment content to a global audience, for $82.5m. “The sale of First We Feast and continued reduction of our convertible debt marks an important step in BuzzFeed, Inc.’s strategic transformation into a media company positioned to fully benefit from the ongoing AI revolution. In the coming years, we will continue to invest in our most scalable and tech enabled services, launching new AI-powered interactive experiences, and delivering for our loyal audience and business partners,” Jonah Peretti, BuzzFeed founder and CEO.