Online publisher Vice Media will be sold to a consortium led by Fortress Investment Group after the bankruptcy court approved its $350m bid on Friday.The investor group, which includes Soros Fund Management and Monroe Capital, bumped up its offer to $350m for all of Vice’s assets and some liabilities, from its initial bid of $225m. The offer is in the form of a credit bid.Popular with the millennial audience through its websites Vice and Motherboard, Vice Media filed for bankruptcy protection last month in a move that capped years of financial difficulties, top-executive departures and the company’s prior efforts to sell itself.
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