Negotiations ended after the two media companies couldn’t agree on Vice valuation, according to media reports
Time Warner has exited talks to acquire a large stake in Vice Media.
According to the New York Times, sources close to the situation said negotiations ended after the media companies could not agree on the valuation of Vice. The two companies were discussing a joint venture, including a potential situation where Time Warner would give Vice control of cable news channel HLN.
The deal would have boosted Vice’s visibility with a 24-hour network that reaches more than 100 million households. Currently, Vice produces a limited number of news packages, including its HBO show, but a joint venture with Time Warner would greatly increase the media company’s reach.
Time Warner and Vice have not responded to TheWrap’s request for comment.