On the heels of selling 10 percent of its company to A&E Networks for $250 million last week, Vice said Thursday that it has raised another $250 million through another 10 percent ownership deal with Technology Crossover Ventures.
Vice said the investment money will help it create more digital projects and aid in multiscreen distribution, as well as position the company for a wider global presence. Although it sold a chunk of the operation, Vice Media leadership will remain in place.
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