Register now for FREE unlimited access to Reuters.com
July 25 (Reuters) – Vice Media Inc, a news and entertainment company, is in sale talks with one of its longtime partners, the Antenna Group, according to one person familiar with the discussions.
The media company, once valued at $5.7 billion, has been exploring its options since last autumn, after abandoning its plans to go public via a merger with the blank-check company 7GC & Co Holdings Inc. It has hired advisor PJT Partners and the investment bank LionTree to evaluate interest.
Group Black, a collective of Black-owned media firms, also is in discussions, according to the person and a second source. The Wall Street Journal previously reported the talks.
Vice declined to comment and Greece-based Antenna Group did not respond to a request for comment. Group Black could not immediately be reached for comment.
The New York…
