Vice Media finally acquired Refinery29, and industry insiders are already wondering how the combined business will be stronger
Vice has 11 investors including TPG, Soros Fund Management, 21st Century Fox, and Disney. Refinery has 14 including WPP, Stripes Group, Scripps Networks, and Turner Broadcasting.Few details are widely known, but the deal was reported as being mostly stock. That reflects the fact that Vice isn't profitable, which limits a company's ability to raise money for a deal, M&A sources said.
Any cash that's part of the deal could benefit those investors that have a preference or be paid to Refinery29 managers as an incentive to stay on with the new company. But the cash is likely to be small compared to the amount of money raised. Another part of the fallout is for Vice employees who got company shares or options over the years. Some people who got those benefits have said they believed they would be essentially worthless and impossible to sell.
"They bring a killer experiential arm and expertise in spaces we weren't tapping," a Vice insider said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Vice Media to Acquire Refinery29, as Both Digital-Media Players Seek ScaleAfter months of talks, Vice Media sealed an agreement to acquire Refinery29, a bet by the two digital-centric media companies they can create a stronger union together to reach youth-skewing audien…
Leer más »
Vice Media in Final Stages of Talks to Acquire Refinery29Vice Media and Refinery29 have hammered out most of the details of a cash-and-stock deal to combine the two digital-media upstarts, a transaction that would add a large and female-skewing digital media company to Vice’s portfolio.
Leer más »
Vice is Wrapping Up Talks to Buy Refinery29Vice’s deal with Refinery29 seems to be driven by Vice’s desire to expand readership by adding Refinery’s female-skewing audience
Leer más »
Vice Media has Acquired Refinery29Vice Media acquired Refinery29 on Tuesday, Axois reports
Leer más »
Announcing 2019 Women's Media Awards Honorees - Women’s Media CenterWe get to honor jkbjournalist, jovialjoy, Maria Grazia Chiuri, laurenembrey, GRITlaura, GayleKing, ZerlinaMaxwell, TheSamhita, maysoonzayid, and organizers of the QueridaFamilia campaign at the WMCAwards on 10/22! Learn about their work here:
Leer más »
Refinery29 was urgently searching for a merger partner, and Vice Media just inked a deal to buy itIn the latest major media merger, Vice Media is buying Refinery29 to increasingly focus on a young, gender-inclusive audience.
Leer más »