Vice Media Group’s plans to go public through a nearly $3 billion merger with a blank-check firm would leave existing investors with control of the company and remove Vice’s onerous financial obligations to private-equity firm TPG, according to people familiar with the matter. The blank-check firm, 7GC & Co. Holdings, is preparing to pitch institutional investors on the deal beginning this week, the people said. Company investors — including Disney, A&E Networks and TPG — would remain shareholders under the proposed structure.
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April 19, 2024
Editor on Duty: Mark K Miller.
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