Time Warner in talks on Vice Media stake: Reports
Published on Jun 11, 2014 6:13 AM
WASHINGTON (AFP) - US media conglomerate Time Warner has begun talks for a stake in the fast-growing online news operation Vice Media, reports said.
The New York Times reported Tuesday that Time Warner is considering an investment of as much as US$1 billion (S$1.25 billion) in a deal that could give Vice the cable channel HLN, formerly known as CNN Headline News.
That followed a report in Britain's Sky News that the US media powerhouse could buy half the company, at a valuation of as much as US$2.2 billion.
Both reports said the talks had not finalised any deal. Time Warner declined to comment. Vice did not respond to a request for comment.
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