Vice Media, which last month entered Chapter 11 bankruptcy, is due to be bought out for $225million by its main creditor Fortress Investment Group, among others.The sale will be presented to bankruptcy court on Friday and the deal is expected to close then, the group announced in an internal memo on Thursday.'Our lenders, including Fortress Investment Group, Soros Fund Management and Monroe Capital, made a binding bid for the company, which served as a backstop if no other bids were deemed superior to theirs,' read the memo.
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