Rupert Murdoch Firm Dips into Hipsters’ Bible with $70m Stake in Vice

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By: Ben Quinn | The Guardian

Vice Media, the multi-platform purveyor of music, fashion and quixotic journalism from international trouble spots, has sold a 5% stake to Rupert Murdoch’s 21st Century Fox.
Fox, which was spun off from News Corp earlier this year, confirmed the $70m (£45m) deal, which marks the latest stage in the evolution of Vice from an off-beat Canadian magazine into a global brand frequently dubbed the hipsters’ bible.

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