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August 17, 2013 04:45 am GMT
21st Century Fox has invested $70 million in youth-focused media company Vice, giving Fox a 5 percent stake in the company and valuing Vice at $1.4 billion, according to a report in the Financial Times.I emailed a company spokesperson to confirm the funding but they have not responded. Still, the news has been widely reported enough that it seems pretty solid.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8qib-Eh7Z_I/
Fox Invests In Vice, A Media Company That Makes Money Being Terrible And Brilliant
21st Century Fox has invested $70 million in youth-focused media company Vice, giving Fox a 5 percent stake in the company and valuing Vice at $1.4 billion, according to a report in the Financial Times.I emailed a company spokesperson to confirm the funding but they have not responded. Still, the news has been widely reported enough that it seems pretty solid.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8qib-Eh7Z_I/
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