8 Dec, 2015 – Walt Disney has doubled its stake in Vice Media, the edgy, youth-focused media group, in a deal that takes its stake to 10% and values the group at $4bn (£2.6bn).
According to sources familiar with the situation, Walt Disney is said to have paid $200m for its additional 5% stake.
The new investment comes as Vice continues to roll out new products across the globe and is to launch a cable TV network in the US next year.
Read more at the Guardian