You will be redirected back to your article in seconds

21st Century Fox Buys 5% of Vice Media

Deal values the company at $1.4 billion

Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times.

“We get to make all the content we want? With the best platforms in the world? Grow our brand exponentially? Become the next global media brand? And all the while own the vast majority of the company and vote 95% of the board? Where-do-we-fucking-sign?!” Vice founder and CEO Shane Smith said in a statement. Reps for 21st Century Fox could not be reached.

Known for its gonzo journalistic tactics – like bringing basketball star Dennis Rodman to North Korea earlier this year — Vice has
grown from a Canadian music mag into an online news site fueled by videos from hotspots around the globe. Fox joins other minority shareholders including Raine, the merchant bank connected with WME, global marketing firm WPP and former Viacom honcho Tom Freston. In June, News Corp. spun off its entertainment assets — including its film and television studios — into the separate and publicly traded 21st Century Fox. News Corp. now holds the company’s publishing assets, including the New York Post and the Wall Street Journal.

More Biz

  • BYU Broadcasting to Streamline TV and

    BYU Broadcasting to Streamline TV and Radio Operations, Boost BYUtv Distribution

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

  • tencent logo

    Tencent to Float Online Bookstore With $5.5 Billion Valuation

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

  • Discop Africa TV Market Kicks off

    Discop Africa TV Market Kicks off with All Eyes on African Biz Boom

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

  • Monica Macer

    MPTF's NextGen Member Monica Macer: 'We Believe in Taking Care of Our Own'

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

  • Éric Salvail Suspends Career After Sexual

    Quebec Radio Star and Producer On Leave Over Sexual Harassment Allegations

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    Vice Media has sold a $70 million stake to 21st Century Fox, marking the latter’s first major deal announcement since splitting off from News Corp. in June. The deal gives Fox a 5% stake in Vice and values the company at $1.4 billion, according to a report Friday in the Financial Times. “We get to […]

More From Our Brands

Access exclusive content