The company, known for in-your-face journalism and brands like Refinery 29 and Unbothered, has agreed to sell its assets to a consortium of lenders.
NEW YORK — Vice Media on Monday filed for Chapter 11 bankruptcy protection, the most recent digital media company to falter after a meteoric rise.
A consortium of lenders — Fortress Investment Group, Soros Fund Management and Monroe Capital — is buying Vice for about $225 million, in addition to taking on a significant amount of the company’s debt. Other parties will be able to submit bids as well.
Vice said it expects the sale to be wrapped up in the
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