Time Warner — fresh off of the spin off of its magazine publishing unit on Monday — is looking to buy a major stake in Vice Media.

The size of the stake could value Vice at $2.2 billion, according to a report from Sky News late Monday.

Time Warner’s Home Box Office already carries Vice’s TV news show. Back in August, 21st Century Fox bought a 5 percent stake in Vice Media for $70 million, valuing the company at $1.4 billion.

This article originally appeared on MarketWatch.com.