Disney (DIS) Doubles Investment in Vice - FT
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Price: $98.61 -0.72%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +7.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +7.7%
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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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