Time Warner is reportedly in negotiations to buy a “major stake” in Vice Media, in a deal worth about $2.2 billion, reports Sky News.
“One potential structure under discussion would see Time Warner injecting HLN, a news platform owned by its cable operations, into Vice in return for roughly half the enlarged company,” the story reports.
The talks are at an “advanced” stage but there are still some details to be ironed out, the piece notes. The deal could also fall apart or end up with a different structure.
Vice started in 1994 as a “punk zine” in Montreal, but now includes a TV show, an ad agency and a record label. It also operates popular YouTube channels.