Disney (DIS) Doubles Investment in Vice - FT

Disney (NYSE: DIS) is said to have doubled its stake in Vice Media to $400 million, according to the Financial Times. The investment takes Disney's stake in the media company to around 10 percent, valuing Vice at about $4 billion.

FT said funds will go toward international programming and overall development of Vice. The company will launch its own cable TV network in 2016.

Shares of Disney are down 0.7 percent.

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