VICE, the fast-growing edgy news/entertainment/lifestyle video producer and syndicator of Web original video has taken a $70 million investment from 20th Century Fox which puts the valuation of the Brooklyn-based company at a whopping $1.4 billion, according to a report in the Financial Times.

The FT expects a deal to be announced today, Monday.

In April in Cannes at the MIPTV conference, we spoke with VICE Media President Andrew Creighton about the growth of VICE and its expanding global video news organization. We are republishing that interview today.

Advertising giant WPP announced its investment in VICE two years ago.