Penske Media paid $100m for a 20% stake in Vox Media while Tencent and Hachshara Insurance took part in a $62m round for One Zero.
Funding
US-based media and information services provider Vox Media has received $100m in funding from mass media group Penske Media Corp, the New York Times reported, citing people familiar with the matter. The deal values Vox at $500m, roughly half the valuation at which it last raised money, in 2015.