Rupert Murdoch has bought a 5 per cent stake in digital media group Vice for a reported $70m.
The deal, expected to be completed today, will be done through Murdoch’s 21st Century Fox entertainment division, which decoupled from parent company News Corp and its publishing businesses earlier this year.
Vice began as an underground Canadian music magazine in the 1990s has grown in recent years into an international multi-media company.
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