Walt Disney doubles Vice stake ahead of ambitious television expansion
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
