Aug
29
A&E Expected to Buy 10% Stake in Vice Media
Posted in: Uncategorized
Vice Media confirmed Friday that it is in talks to sell a 10% stake to A&E Networks for $250 million.
The deal, which would value Vice at roughly $2.5 billion, is expected to close soon and comes the same day as reports saying Time Warner ended discussions to buy its own stake in the media company. That deal would have valued Vice at roughly $2 billion.
Nancy Dubuc, president and CEO of A&E Networks, helped orchestrate the agreement, according to a person familiar with the matter. A spokesman for A&E declined to comment.
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