Time Warner Wants a Piece of That Hot Vice Action

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When Rupert Murdoch, one of the world's least hip men, bought a 5-percent stake in the professionally hip corporation Vice Media last year, the company was valued at an astronomical $1.4 billion. Now the Canadian sex-and-drugs zinecum"Time Warner of the street" is reportedly in talks "to sell a major stake in itself" to the actual Time Warner (which today spun off its dead-tree weight known as Time Inc.) at a valuation of about $2.2 billion, according to Sky News. (Financial Times says a deal is close, putting Vice's value between $2 billion and $3 billion.) The awkward but not outrageous coupling could see Time Warner "injecting HLN ... into Vice in return for roughly half the enlarged company," which means Nancy Grace may soon be sampling bath salts herself. Trippy.