NEW YORK (TheStreet) --Time Warner Inc. (TWX) is in talks to buy a major stake in Vice Media, the digital group which has mounted an aggressive assault on traditional news providers, Sky News reports.
One potential structure under discussion would see Time Warner injecting HLN, a news platform owned by its Cable operations, into Vice in return for roughly half the enlarged company.
A deal is expected to value Vice at roughly $2.2 billion, about 50% more than last year's sale of a stake in the mini-conglomerate.
Time Warner and Vice were at an advanced stage but that some final details had yet to be agreed, sources told Sky News yesterday.
Shares of Time Warner are down -0.30% to $68.78 in early morning trade.
TheStreet Ratings team rates TIME WARNER INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate TIME WARNER INC (TWX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."