Vice Media will go on a "deal spree" next year and may explore an initial public offering, the Financial Times reported citing an interview with the youth-focused digital content company's Chief Executive Shane Smith. Vice Media, known for its edgy videos, also said it has appointed as co-president James Schwab, who has advised media groups such as DreamWorks Animation SKG, The Weinstein Co and Discovery Communications Inc."Our war chest is the size of the full valuation of our competition so we will see some major ... deals happen," Smith told FT. (on.ft.com/1GIqwQU)Vice secured $500 million investment in September from Silicon Valley's Technology Crossover Ventures and A+E Networks. In October, the company teamed up with Rogers Communications Inc to build a studio in Toronto.The company would want to stay independent and "would be stupid not to think about an IPO," Smith said in the interview. (Reporting By Sai Sachin R in Bengaluru; Editing by Joyjeet Das)
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCA fell by 1.03% or $-0.3425/share to $33.04. In the past year, the shares have traded as low as $31.29 and as high as $46.38. On average, 4170160 shares of DISCA exchange hands on a given day and today's volume is recorded at 1443163.
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCK fell by 1.23% or $-0.4/share to $32.14. In the past year, the shares have traded as low as $31.02 and as high as $44.00. On average, 2754620 shares of DISCK exchange hands on a given day and today's volume is recorded at 1635160.
DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets. Shares of DWA fell by 4.69% or $-1.02/share to $20.73. In the past year, the shares have traded as low as $19.20 and as high as $36.01. On average, 1930810 shares of DWA exchange hands on a given day and today's volume is recorded at 1054020.
Rogers Communications Inc. (RCI) is a diversified public communications and media company. Shares of RCI fell by 1.1% or $-0.42/share to $37.83. In the past year, the shares have traded as low as $36.05 and as high as $45.42. On average, 347462 shares of RCI exchange hands on a given day and today's volume is recorded at 292957.
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