Vice Media Group Eyeing SPAC at 3 Billion Dollar Valuation

After a hard year in the media world, VICE looks to exit and a SPAC could be their way out


RECAP:

  • VICE Media could reportedly go public via a SPAC, which would value the company 3 billion dollars after surviving a challenging year in the world of media

  • The desired 3 Billion Dollar Valuation was down from a 5.7 billion dollar valuation from a capital injection of $450 million by TPG in 2017

  • This potential VICE SPAC comes after Buzzfeed explored a possible exit via (you guessed it) a SPAC in March of 2021

  • VICE Media Group Consists of Vice, Refinery 29; an agency called Virtue and I-D

  • Whether or not VICE’s collection of media brands can stand out in this competitive media landscape, remains to be seen

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