Vice secures further $500m investment

Digital media brand says cash from Silicon Valley tech firm and US cable broadcaster values company at more than $2.5bn

Vice Media has confirmed it has secured a further $500m (£303.8m) in financing from two more minority investors, in part to fund “thousands of hours” of new video content for online, mobile and TV.

youth digital media brand said on Thursday that the new investment, $250m each from Silicon Valley firm Technology Crossover Ventures and US cable broadcaster A+E Networks, valued the company at more than $2.5bn.

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