VICE Media Files for Bankruptcy to Streamline Sale Process

VICE Media Files for Bankruptcy to Streamline Sale Process

American-Canadian digital media company VICE Media Group has agreed to sell the company to a consortium of its lenders, including Fortress Investment Group, Soros Fund Management and Monroe Capital, for approximately US$225 million in the form of a credit bid. Upon completion of the sale, the consortium will also take on substantial liabilities associated with the company.

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American-Canadian digital media company VICE Media Group has agreed to sell the company to a consortium of its lenders, including Fortress Investment Group, Soros Fund Management and Monroe Capital, for approximately US$225 million in the form of a credit bid. Upon completion of the sale, the consortium will also take on substantial liabilities associated with the company.