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A $2.5 Billion Vice

Vice Media, which started as a tiny free magazine in Montreal, raised $500 million in a pair of deals that value the company at $2.5 billion. The investments, which come after talks about a deal with Time Warner's HLN cable network fell apart, were from A&E Networks and venture capital firm Technology Crossover Ventures. Each company invested $250 million in return for a 10% stake.

Posted on September 4, 2014, at 1:11 p.m. ET

Handout / Reuters

Vice news reporter Tim Pool (R) and drone pilot Orlando de Guzman.