News Formal

Investment Group Set to Buy Bankrupt Vice Media for $350 Million

  • 📰 thedailybeast
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

A group of buyers including Fortress Investment Group and Soros Fund Management will purchase Vice Media out of bankruptcy for $350 million, The New York Times reported on Thursday.

last month ahead of a potential sale of the business. At the time, Fortress and Soros had placed a bid of $225 million to acquire Vice and take on its “significant liabilities.

” The lenders eventually raised their offer to $350 million, and Vice’s leadership informed staff on Thursday that they intended to submit the bid to the bankruptcy court for approval. “While we received multiple bids for the company, none of the other bids rose to the level of being deemed a superior bid,” the executives wrote. The group’s bid, meanwhile, is likely covered by their existing loans to Vice.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 307. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Vice Media declares Fortress Investment Group the winning bidder in bankruptcy saleVice Media will be acquired by Fortress Investment Group and other creditors for $225 million.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Vice Media to Be Acquired by Fortress Investment GroupAfter filing for Chapter 11 bankruptcy in May, Vice Media is set to be acquired by its lenders Fortress Investment Group and and Soros Fund Management. Vice representatives declined Variety’s…
La source: Variety - 🏆 108. / 63 Lire la suite »