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Thursday 21 August 2014

Time Warner in talks to buy stake in Vice Media valuing it at over $2bn

The company was founded by Shane Smith, a Canadian with Irish parents.

Published 10/06/2014 | 08:30

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Shane Smith, Vice
Shane Smith, Vice
VIce Media co-founder Shane Smith
VIce Media co-founder Shane Smith

Time Warner is in talks to buy a major stake in Vice Media, valuing the media company at about $2.2bn.

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The company was founded by Shane Smith, a Canadian with Irish parents.

The talks were at an advanced stage but some final details were yet to be agreed on, Sky News reported.

In one of the potential structure under discussion, Time Warner may combine its cable news network HLN with Vice in return for roughly half the enlarged company, Sky reported.

Vice Media, the New York-based group whose edgy reportage has proved online, said it April that it plans to sell more content to mainstream TV groups.

Time Warner declined to comment. Vice Media could not be immediately reached for comment.

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