Deals
A+E Close to Buying 10% of Vice Media for $250 Million
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A+E Networks is close to buying a 10 percent stake in Vice Media Inc., a deal that would value the company at about $2.5 billion, according to people with knowledge of the matter.
The purchase by A+E, the TV programmer owned by Walt Disney Co. and Hearst Corp., may be announced as soon as next week, said the people, who requested anonymity because they weren’t authorized to speak publicly. Disney and Hearst each own 50 percent of A+E, which operates its namesake cable channel, along with Lifetime and History Channel.