The Limited Times

Now you can see non-English news...

Vice Media group seeks to sell itself


ANALYSIS – The media group, which relies on a free economic model for its online site, is having difficulty monetizing its audience.

Vice Media is for sale, in a fragile market for media across the Atlantic.

In search of a new lease of life, he is now negotiating behind the scenes for his takeover for around 1.5 billion dollars.

A valuation well below the 5.7 billion advanced in 2017, during the last major fundraising of the media group.

More recently, during its failed IPO attempt two years ago, it was valued at around 3 billion…

“Naturally, it is the investors who have put in the pot in recent years who now want to get out

,” explains a good connoisseur of the file.

In recent years, Vice Media had indeed succeeded in attracting several prestigious investors.

Starting with the media magnate Rupert Murdoch, who invested nearly 70 million dollars, the Disney empire or the Fortress Investment Group fund.

Launched in the mid-1990s as a Canadian magazine, before moving to New York to set up its news site in…

This article is for subscribers only.

You have 69% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month


Already subscribed?


Source: lefigaro

All life articles on 2023-01-30

You may like

Life/Entertain 2023-02-27T10:58:59.553Z

Trends 24h

Life/Entertain 2023-03-21T07:44:55.169Z
Life/Entertain 2023-03-21T08:02:55.432Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.