Walt Disney has doubled its stake in Vice to 10 per cent as the media group prepares for its US cable TV network launch and a series of new international products.
The reported $200m deal for the additional 5 per cent stake now values Vice Media at $4bn (£2.6bn).
Walt Disney’s investment comes as the media owner prepares to launch its own cable channel, Viceland, in the US in February. The 24-hour news channel will broadcast on A+E Networks which Disney co-owns with Hearst.
Disney will hope that the accelerating popularity of the media organisation will help it turn around declining shares as Read full story ›
Source: The Drum
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