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Time Warner Looking to Buy Stake in Vice Media
June 11, 2014
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Various outlets reported that Time Warner is in the process of investing in Vice Media – a deal which would increase the value of Time Warner to over $2 billion. However, the deal has yet to be finalized, and according to the NY Times, "one potential stumbling block is whether Time Warner will be able to buy out a 5 percent stake in Vice from 21st Century Fox, which bought it in 2013 for $70 million." Read the full story on Time Warner's interest in Vice Media here.
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