Vice Media said Thursday it will create a joint venture with Nashville-based Savage Ventures to relaunch its digital properties, including Vice.com, Munchies, Motherboard and Noisey.
Why it matters: The deal will see Savage Ventures investing "tens of millions of dollars" into the joint venture, a Vice spokesperson said.
Catch up quick: The investment marks the first effort by Vice Media to substantially re-invest in its digital brands following a bankruptcy buyout last year that saw the elimination of hundreds of roles, consolidation of departments and cancellation of news shows.
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