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Funding

Vice closes A+E deal, secures TCV investment

Vice says the additional $250 million from Technology Crossover Ventures will be used to develop digital platforms and distribution capabilities.
September 4, 2014

Vice Media has finalized its US$250 million deal with A+E Networks, and has penned a deal to sell a minority stake to Technology Crossover Ventures (TCV), which will bring the youth-skewing brand another $250 million.

The two deals value Vice at more than $2.5 billion, the company said in a statement. As previously reported, A+E’s acquisition will give it 10% of Vice.

Meanwhile, Vice said that TCV’s investment will be used “to develop a world-class slate of digital products and distribution capabilities, giving audiences new ways to experience Vice content across all devices, screens, social networks and digital platforms.”

From Realscreen

Image: Vice News screengrab

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