Multimedia news company Vice Media has completed a second $250m deal this week, selling a 10% stake to Technology Crossover Ventures. The company is now valued at $2.5bn.
Canada-based media company Vice Media has sold a 10% stake to venture capital firm Technology Crossover Ventures, the New York Times has reported.
The sale comes days after the media company completed an identical deal with cable television company A&E Networks, which is co-owned by media companies Hearst Corporation and Walt Disney.
Vice Media operates across 36 countries and reaches more than 150 million people, producing content on culture, music, news and sport.
The $500m raised will be used…
