WarnerMedia, WPP, Discovery Communications and Scripps Networks Interactive will exit the digital media company in a cash and share acquisition.

Vice Media Group agreed on Tuesday to acquire online media company Refinery29, for $400m according to the New York Times, enabling corporates WarnerMedia, WPP, Discovery Communications and Scripps Networks Interactive to exit. The amount mostly comprises cash, mixed together with shares in Vice, according to two people familiar with the deal. The combined company is…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.