James Murdoch, the son of media mogul Rupert, has agreed to buy a minority stake in Vice Media Group via his private investment company, Lupa Systems, which launched earlier this year.

Murdoch has been on Vice Media’s board of directors since 2013. The digital media and broadcasting group specialises in millennial-skewed content.

Following news of the acquisition, The FT stated that Murdoch is “seeking to distance himself from the conservative outlets” that his father controls.

Other posts by :

1. Impressive Starlink deployment rate
2. Bank: Space industry worth $1tn by 2040
3. Xona Space wants 259 LEO satellites
4. 36 major airlines now committed to Starlink
5. Quilty: Top 5 Washington Satellite show takeaways
6. Space Wars: Starlink vs Amazon Leo
7. Eutelsat seeks ISRO deal for launches
8. Virgin Galactic sets prices for space tourists
9. Devas vs Antrix rumbles on

Categories: Articles, Business, M&A