A+E Networks is close to completing the acquisition of a 10% stake in online news producer Vice Media for $250 million, according to a source close to the situation.
Vice had previously been in talks with Time Warner. The deal would value Vice Media at $2.5 billion.
For AETN, Vice offers a source of content aimed at young men that would be very compatible with A+E's successful History Channel. Vice and History will be able to exchange programming and engage in cross-promotional activity.
Read more at B&Chere.
