Vice Media has secured another $200m from Walt Disney Company, which invested $200m last month, at a valuation of more than $4bn as it prepares to launch its own channel.
Media and entertainment conglomerate Walt Disney Company has paid $200m to double its stake in US-based media company Vice Media from 5% to almost 10%, the Financial Times reported yesterday.
Disney initially invested $200m in Vice last month, but spaced out the investments because it needed board approval to commit the full amount, according to the Wall Street Journal.
Originally founded in Canada in 1994 as a free magazine covering alternative culture, Vice has since grown to a worldwide media…
