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Vice Valued at $5.7 Billion With $450 Million TPG Investment

  • Media company plans to offer online subscription services
  • Longtime investor Disney doesn’t participate in funding round
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The Winners and Losers of the TV Streaming Wars

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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.