A&E Networks is close to purchasing a 10% stake in Vice Media that would value the company at $2.5bn, and would see Vice produce programming for the A&E cable network.
Canada- based digital media company Vice Media, is close to finalising the sale of a 10% stake to cable television group A&E Networks, which is co-owned by media companies Walt Disney and Hearst Corporation.
A&E is to pay $250m for a 10% stake, which would value Vice at $2.5bn, the Financial Times has reported.
Vice is a network of digital channels that cover a mixture of domestic and international news, pop and underground culture coverage, music and technology.
As part…
