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.”
Image: Vice News screengrab