![]() Vice Media operates the news site, Viceland TV network, Refinery29 platform and other properties generally aimed at millennial and Generation Z audiences.Shares of 7GC rose slightly on the report to close at $9.90, up 2.4% for the session.News site TheInformation quoted unnamed sources Wednesday as confirming the talks, which the publication said have gone farther than similar discussions that Vice has held with other SPACs.parent Vice Media is reportedly in “advanced talks” to merge with special purpose acquisition company 7GC & Co.The company define addressable TV households as those that have cable and satellite set-top boxes, and include video-on-demand inventory from these systems in their analysis whilst omitting CTV, smart TV and OTT platforms. Widespread cord-cutting of traditional pay TV providers (cable, satellite, telco, and virtual) by consumers is a core factor in addressable’s decline, say eMarketer. Addressable’s share of total TV ad spending will stay in single digits, the report says, growing to 4.3% this year, 5.3% in 2022, and 6.3% in 2023. ![]() This growth is expected to continue, but at a slower rate, with revenue for the channel estimated to increase 27.4% to USD $3.6bn (£2.5bn) in 2022, and by 16.2% to USD $4.2bn (£3bn) the following year. Revenue from addressable TV, which derives from advertisements that are targeted to individual households, is projected to grow by 33% to USD $2.85bn (£2.02bn). This result will follow the 6.3% drop in households recorded at the close of 2020. The media research firm project that the number of US households with addressable TV will fall 4.7% to 57.6 million by the end of this year. Research from eMarketer has found that whilst revenues from addressable TV are expected to rise, the channel’s reach is set to continue to decline. Revenues from addressable TV rise, but reach is set to continue fall With the successful funding round and a period of strong growth triggered by COVID-19 lockdown measures, Vinted could be well positioned to take advantage of the USD $5tn (£3.5tn) fashion “circular economy”. Established in 2008 in Vilnius, Lithuania, Vinted currently operate almost exclusively in Europe, and will use the latest capital injection to broaden their reach to other markets (such as the US, where they have already set up). The round, which was led by EQT Growth, saw the participation of previous backers Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints capital. Instead, Vinted make their money through a “buyer protection” rate that, depending on the value of the item, is either a direct cut or usually between 3% and 8% of its price tag. The online marketplace, which currently hosts 45 million users across 13 markets, allows users to sell clothing and household goods without charging a listing fee. The value is a significant leap from the USD $1bn (£707.8m) the company was valued at by the end of 2019. Second-hand clothing marketplace Vinted have reached a pre-money valuation of USD $4.5bn (£3.2bn) after closing an all-equity round of USD $303m (£214.5bn). ![]() Vinted hit $4.5bn value after $303m funding round Axios are also remaining tight-lipped on the matter, with co-founder Mike Allen bypassing questions on the potential deal. The rumoured deal comes amid a spate of similar prospective M&A activity – news of a proposed merger between Vice Media and 7GC & Co Holdings and reports of digital lifestyle publisher Complex Networks being acquired by BuzzFeed as part of a potential SPAC deal both surfaced earlier this month.Īxel Springer, whose portfolio includes Insider, a majority stake in Morning Brew, and the German editions of Rolling Stone and, have declined to comment on the rumours. It’s now understood that The Athletic are pursuing a deal with The New York Times. The new deal follows the floating of a merger between Axios and sports publisher The Athletic, which was abandoned in early May. German media giant Axel Springer are eyeing a takeover of business and finance publisher Axios, according to a report published by The Information last Friday (21 st May). In today's ExchangeWire news digest: Axel Springer are reportedly in talks to acquire Axios second-hand e-marketplace Vinted are valued at USD $4.5bn after a successful funding round and addressable TV is expected to see reach decline in spite of higher revenues.Īxel Springer reportedly in talks to acquire Axios
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