Vice Media has signed a $70 million deal with 21st Century Fox – giving Fox a five per cent stake in in the company.

Vice has grown significantly since its humble beginnings as a free underground music handout to a global media and publishing group dedicated to art, technology, fashion, music and world news.

“I want us to be the next MTV, ESPN and CNN rolled into one – and everyone always rolls their eyes,” Shane Smith, Vice’s co-founder and chief executive told the FT. “The reality is that MTV was bought by Viacom and CNN went to Time Warner. We have set ourselves up to build a global platform but we have maintained control.”

Other posts by :

1. Lynk Global requests “experimental” satellite access
2. Safran Space links laser direct to satellite
3. SpaceX fearful of AST SpaceMobile’s potential?
4. Equatys wants 2,800 new satellites
5. FCC eyes freeing up Weird Space Stuff spectrum
6. SES happy with releasing 160MHz of spectrum for 5G
7. Inmarsat “likely to win appeal” over Ligado/AST action
8. FCC seeks fair play over foreign satellite access
9. Bank raises RocketLab target price

Categories: Articles, Business, M&A