Vice has sold 10 percent of its company to A&E Networks for $250 million, a Vice representative confirmed to Adweek on Friday.
The terms of the deal gives the millennial-oriented publication a valuation of $2.5 billion. Just last year when 20th Century Fox bought 5 percent of the company, it only been given a price tag of $1.4 billion.
The Brooklyn-based company had been rumored in June to be working out a deal with Time Warner for the cable giant buy a majority stake.
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