If the bankrupt gonzo news outfit doesn’t get an offer from an outside buyer at the auction slated for June 22, it will be purchased by its creditor including George Soros’s Soros Fund Management and Fortress Investment for $225 million, according to court documents.
“This is the nightmare scenario for them – they never thought it would come to this,” a banking source said. “What media or finance executive is going to risk their career in order to buy Vice? Look how many careers it has already destroyed,” one media insider told On The Money.However, a spokesperson for the company said things are going well, “The premise of this story is 100% false.” Group Black declined to comment.
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