TPG invests USD 450 mln in Vice Media

Wednesday 21 June 2017 | 11:15 CET | News
Private equity firm TPG has invested USD 450 million in the youth broadcaster and online content developer Vice Media. The deal will give Vice a valuation of around USD 5.7 billion, people familiar with the situation told the Wall Street Journal. Vice will use the new money to create a subscription service based on something similar it offers in Japan for mobile phones. The company will also invest in scripted programming for its Viceland cable channel and mobile and digital platforms, and expand its international footprint further.

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Categories: Broadcast & Satellite
Companies: TPG
Countries: United States / World
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