Vice Media Targets $3 Billion Valuation in SPAC Merger
- 7GC & Co. Holdings begins courting new investors this week
- Vice’s current investors would own 75% of post-deal company
Vice Media offices in Venice, California.
Photographer: Mario Tama/Getty ImagesThis article is for subscribers only.
Vice Media Inc., a cable and online entertainment group, is in talks to merge with a blank-check company, according to a person with knowledge of the matter, in a deal that values the business at about half what it was four years ago.
Under the proposal, Vice would combine with 7GC & Co. Holdings Inc., a special purpose acquisition company led by tech investor Jack Leeney, according to the person, who asked not to be identified because the matter is private.