Vice Valued at $5.7 Billion With $450 Million TPG Investment

  • Media company plans to offer online subscription services
  • Longtime investor Disney doesn’t participate in funding round

Vice Media Inc. got a $450 million investment from private equity firm TPG, valuing the irreverent chronicler of youth culture at $5.7 billion.

The funding will help Vice produce more video through a new in-house studio, and create online subscription services to sell those videos to consumers, Chief Executive Officer Shane Smith said in a statement. The company continues to consider an initial public offering, Smith said in an interview on CNBC.

Vice already produces a slew of reality and news programs for its cable network Viceland, such as series about the culture of marijuana, gay and lesbian issues and food. Vice also publishes video for services like YouTube and Snapchat along with a daily news show for HBO. The company has more recently begun producing scripted programming, and will use this new money to do more…

Vice Valued at $5.7 Billion With $450 Million TPG Investment

Categories : Finance

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