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Fortress Investment Group to Acquire Bankrupt Vice Media for $350 Million

1 min read
Source: CNN
Fortress Investment Group to Acquire Bankrupt Vice Media for $350 Million
Photo: CNN
TL;DR

Vice Media, the digital media company once valued at over $5 billion, is set to be acquired out of bankruptcy by three investment companies, including Fortress Investment Group, for $350 million. The acquisition comes after Vice failed to receive any other satisfactory bids as it explored a sale for the company. The sale process allowed others to make a better bid, but Vice said that no such offers materialized. The acquisition agreement is the latest in a tumultuous period for Vice Media, which has faced various business difficulties and executive changes in recent years.

Topics:business#acquisition#bankruptcy#business#digital-media#investment-companies#vice-media
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  1. Vice Media, once worth billions, set to be acquired out of bankruptcy by its creditors for $350 million  CNN
  2. Vice Will Soon Have a New Owner  Cord Cutters News
  3. Fortress Investment Group set to acquire bankrupt Vice Media for $225 million  Yahoo Finance
  4. Fortress Investment Group to acquire Vice Media out of bankruptcy  Marketing Interactive
  5. Vice Media to be acquired by Fortress Investment Group: Reports  Exchange4Media

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