Vice gets a $450M investment from buyout giant TPG

Vice Media is getting a $450 million investment that values Shane Smith’s millennial news hub at $5.7 billion from TPG, the private-equity firm behind CAA, Spotify and Airbnb.

The money from TPG — whose boss David Bonderman 𝓰exited Uber’s board last week after making a sexist joke at an allꦜ-hands meeting about harassment ꦐ— will go to expand Vice’s scripted studio and its international distribution.

The Post first reported on Vice’s attempts to pitch private equity an♈d h🥀edge funds ℱto bankroll Vice’s content creation ambitions back in February.

Vice, which ꦺalso makes a daily news show for HBO, is in 80 countries but wants to do more꧑ in feature film and is widening its direct-to-consumer business.

“With Facebook and Google taking an ever-growing pie✨ce of the online advertising pie, looming ‘skinny bundles’ and over-the-top and direct to consumer offerings exploding the media status quo,” Vice Founder and CEO Shane Smith said in a statement.

“This will allow us to build up the larg🔥est millennial video library in the world — enabling Vice to widen our offering to include news, food, music, fashion, art, travel, gaming, lifestyle, scripted and feature films.”