vp

ISSUE – June 20 | Vice Valued at $5.7 Billion With $450 Million TPG Investment

Vice Media Inc. got a $450 million investment from private equity firm TPG, valuing the irreverent chronicler of youth culture at $5.7 billion. The funding will help Vice produce more video through a new in-house studio, and create online subscription services to sell those videos to consumers, Chief Executive Officer Shane Smith said in a statement. The company continues to consider an initial public offering, Smith said in an interview on CNBC. [ Bloomberg ]

read_2

ad