Digital media giants hit by the advertising freeze at the start of the pandemic continue to jump at the chance to go public amid a blank-check company craze, the New York Post reports. Vice … Vice Media is expected to valued at about $3B when it goes public later this year through a deal with SPAC 7GC & Co Under the proposed transaction existing Vice shareholders (including Disney, A&E Networks, TPG, and founder Shane Smith) would control roughly 75% of the combined company. According to reports, Vice has talked to several SPACs including 7GC, Group Nine (Ben Lerer), and Forest Road II … In October, 2019 the edgy male-focused Vice diversified its base by acquiring Refinery 29, aimed at millennial women. Digital publishing company Group Nine, which owns Thrillist, NowThis and The Dodo, took a slight different route and formed its own SPAC. 31, 2021 12:46 PM ET 890 5th Avenue Partners, Inc. (ENFA) By: Jerry Kronenberg , … The media company could combine with former Morgan Stanley executive Jack Leeney’s SPAC, 7GC & Co. Holdings, WSJ said, citing sources. In October, 2019 the edgy male-focused Vice diversified its base by acquiring Refinery 29, aimed at millennial women. What Are SPACs, the Trend Blowing Up the Finance World? This story, plus Google pledges almost $30 million to tackle online misinformation, a look at the journalism crisis around the world and more, all in today’s media headlines. 7GC & Co. Holdings, according to a report from The Information. Leeney's SPAC, … Under a proposed deal to merge with blank-check company 7GC & Co Holdings, Vice would remove one of the biggest obstacles it has faced, onerous financial obligations to private-equity investor TPG, people familiar with the matter… Michael Cohen/Getty Images. Leeney offered “no comment” on the pending deal with Vice when Media Ink called Thursday. Is there another SPAC-driven media merger on the horizon? Vice Is In For A SPAC-ING. The latest is Vice Media, which reporte… Vice Media is in talks with at least two SPACs. Vice Media CEO slams ‘Big Tech’ as ‘great threat to journalism’ amid cuts Vice Media CEO Nancy Dubuc. Vice Media is in advanced talks to merge with 7GC & Co Holdings, a special purpose acquisition company led by tech investor Jack Leeney, according to people familiar with the situation, the latest step in the media firm’s hopes of going public via a SPAC merger. Vice Media seeks IPO amid SPAC craze. Vice's existing investors - TPG, Walt Disney, and A&E Networks - would own 75% of the digital media company upon completion of the deal. Vice Media is seeking a $3 billion valuation via a blank-check company merger, WSJ reported. Digital publishing company Group Nine, which owns Thrillist, NowThis and The Dodo, took a slight different route and formed its own SPAC. Vice Media publishes Vice News and Refinery29 and operates TV channel Viceland, an ad agency and a documentary-production business. Vice isn’t the only media firm looking to go public via a SPAC deal, either; BuzzFeed is also discussing a deal with 890 Fifth Avenue Partners priced “a little below” BuzzFeed’s peak valuation of $1.7 billion, The Information reported in mid-March. Vice.com's parent company, Vice Media, is in "advanced talks" to merge with ex-Morgan Stanley exec Jack Leeney's SPAC. Vice Media was reportedly valued at less than $ 3B in the SPAC deal. Vice isn’t the only digital media company looking to go public through a SPAC. Everything with the topic 'spac' on VICE. Earlier this month it was reported that digital news media company BuzzFeed was in discussions with 890 5th Avenue Partners, also a SPAC, to list in the U.S. public markets. Mar 31, 2021. The terms of the deal with the SPAC for ex … Vice Media seeks IPO amid SPAC craze. Vice Media Group’s plans to go public through a nearly $3 billion merger with a blank-check firm would leave existing investors with control of the company and remove Vice’s onerous financial obligations to private-equity firm TPG, according to people familiar with the matter. vice media. Vice Media Getting SPAC'ed? Empty-shell companies have raised tens of billions of … Vice Media Group could make a public debut via a $3 billion transaction. Vice’s existing investors — TPG, Walt Disney, and A&E Networks — would own 75% of the digital media company upon completion of the deal. Vice Media reportedly in ‘advanced’ merger talks with SPAC 7GC & Co. Holdings (update) Mar. Vice exec blasts advertisers for blocking placement near ‘black people’ Refinery29’s top editor resigns amid accusations of toxic work culture. The blank-check agency, 7GC & Co Holdings, is getting […] Learn more about the potential deal here. One of the offers is at a valuation around $2.5 billion, less than half Vice’s peak valuation of $5.7 billion from 2017. The digital-news firm’s existing investors would own 75% of … Vice’s sky-high market valuation of nearly $6 billion reportedly has been cut in half as the millennial-focused new media company prepares to go public later this year. Digital media giants hit by the advertising freeze at the start of the pandemic continue to jump at the chance to go public amid a blank-check company craze. Vice exec blasts advertisers for blocking placement near ‘black people’ Refinery29’s top editor resigns amid accusations of toxic work culture. Vice had apparently met with other SPACs in the past, but this one is really progressing. Founded by gonzo journalist Shane Smith, the Brooklyn-based agency is eyeing an preliminary public providing by means of a merger with a blank-check company known as 7GC & … 3 Min Read. The latest is Vice Media, which reportedly is in “advanced talks” to combine with Jack Leeney’s San Francisco based special purpose acquisition… admin. Digital publishing company Group Nine, which owns Thrillist, NowThis and The Dodo, took a slight different route and formed its own SPAC. Vice Media is in "advanced talks" to merge with the SPAC 7GC & Co. Holdings, The Information reports. News publisher Vice Media might go public in a SPAC deal with Jack Leeney's 7GC & Co Holdings, media reports suggest. Leeney offered “no comment” on the pending deal with Vice when Media Ink called Thursday. The nearly $ 6 billion vice-sky-high market valuation has been cut in half as the millennium-focused new media company prepares to go public later this year. In October, 2019 the edgy male-focused Vice diversified its base by acquiring Refinery 29, aimed at millennial women. Vice’s sky-high market valuation of practically $6 billion reportedly has been minimize in half because the millennial-focused new media firm prepares to Vice Media Group’s plan to go public later this year is coming into focus, The Wall Street Journal reports. SPAC boom could finally provide an exit ramp for digital publishers like Buzzfeed and Vice Media Published Mon, Jan 25 2021 7:00 AM EST Updated Mon, Jan 25 2021 11:15 AM EST Alex Sherman @sherman4949 Founded by gonzo journalist Shane Smith, the Brooklyn-based firm is eyeing an initial public offering through a merger with a blank-check company called 7GC & Co. in a […] Leeney offered “no comment” on the pending deal with Vice when Media Ink called Thursday. Vice Media is expected effectively to go public with plans to merge with the special purpose acquisition company (SPAC) 7GC & Co Holdings, according to The Information. According to The Information, Vice Media is in “advanced talks” to go public by merging with 7GC & Co Holdings. Add Comment. Vice Media Group’s plans to go public by a virtually $3 billion merger with a blank-check agency would go away present buyers with management of the corporate and take away Vice’s onerous monetary obligations to private-equity agency TPG, in line with individuals conversant in the matter. Vice’s sky-high market valuation of almost $6 billion reportedly has been lower in half because the millennial-focused new media company prepares to go public later this year. Top Stories. Vice Media in talks to merge with SPAC. Vice Media is in “advanced talks” to merge with the SPAC 7GC & Co. Holdings, The Information reports. SEC Smacks SPACs, Digital Media Feels the Pain Vice, which bills itself as the “definitive guide to enlightening information,” is in talks with 7GC & Co Holdings. Vice’s talks to merge with 7GC & Co. 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