Vice Media Raises $450M from TPG

6/19/17

TPG has acquired a minority stake in Vice Media for $450 million, according to Vice Media CEO Shane Smith in an interview with CNBC. According to the news outlet, the funding will put the company’s valuation at $5.7 billion. The capital infusion will be used to develop programming and for international expansion. Vice Media is a North American digital media and broadcasting company.

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