VICE Media Group has announced that it has acquired Refinery29. The leading female-focused lifestyle and entertainment destination will join VICE Media Group, further cementing the company's market position. Both brands have a history of storytelling across platforms and unique business models.

The deal was signed today in New York by VICE Media CEO, Nancy Dubuc and Refinery29 Co-CEO’s Justin Stefano and Philippe von Borries.

Nancy Dubuc said: “VICE Media Group and Refinery29, two of the strongest independent voices in the industry, will continue to build a scaled global and diversified media company. We will not allow a rapidly consolidating media ecosystem to constrict young people’s choices or their ability to freely express themselves about the things they care about most. At VICE and Refinery29, the megaphone is theirs to use and the platforms are theirs to build with us.”