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Smosh Acquired by Rhett & Link’s Mythical Entertainment

February 22, 2019 / TODD SPANGLER

Smosh, the long-running YouTube comedy brand, has been acquired by Mythical Entertainment, the company formed by Rhett & Link, hosts of comedy show “Good Mythical Morning.”As first reported by Variety last week, Mythical emerged as the leading candidate to buy Smosh, which was left stranded after parent company Defy Media shut down without warning last November.Terms of the deal were not disclosed. Mythical is paying less than $10 million in cash for Smosh, which was acquired from a holding company representing Defy’s creditors, according to a source familiar with the pact, who requested anonymity because they were not authorized to speak about the deal. Mythical Entertainment has no venture-capital funding and no debt, financing the Smosh acquisition off its own balance sheet. Smosh was started in 2006 by childhood buddies Ian Hecox and Anthony Padilla (who left Smosh in 2017). Currently, Smosh has over 24 million subscribers on its main channel featuring sketche...