"VICE" for young people, SPAC negotiations have been completed and existing investors procure $ 85 million — co -founders have abandoned voting rights [report]

Vice Raises $ 85 Million as Spac Talks End, Smith Yields Control

According to the Information on August 31, Vice Media, which operates a media "VICE" from Montreal, has ended the IPO negotiations by a special purpose acquisition company (SPAC), and has been 8,500 from existing investors.I procured the US dollar.As part of the transaction, his co -founder Shane Smith has been reported to abandon his voting rights.

現在の目標は VICE Media を黒字化することだ。同社は、7GC & Co.I wanted to raise funds in the IPO due to the merger of the SPAC, but existing investors such as James Murdoch's Lupa Systems and Sixth Street Partners can achieve the profitability right now.He agreed to invest in the company.

Although the market capitalization of Vice Media has not been determined, according to the early this year, the SPAC presented to VICE about 2.5 billion dollars, compared to $ 5.7 billion, which is a market capitalization at peak in 2017.It is about 56 % lower.A few days before the report appeared, it was revealed that less than 20 people worked in the Vice Media editorial division.

Via the Information

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