A group of buyers including Fortress Investment Group is set to take over Vice Media after bidding $225-million for the bankrupt company, the New York Times reported on Thursday, citing people familiar with the matter.
While multiple bidders put in offers to acquire Vice, only Fortress’ bid was deemed “qualified”, according to the report, which added that a bankruptcy auction for the company scheduled for Thursday will be called off. Vice Media, popular for websites such as Vice and Motherboard, filed for bankruptcy protection last month, capping years of financial difficulties and top-executive departures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newmont defers investment decision for Yanacocha Sulfides project, focusing on portfolio optimizationA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Foreign companies are shifting investment out of China as confidence wanes, business group saysForeign companies are shifting investments and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges, a business group said Wednesday.
Source: CTVNews - 🏆 1. / 99 Read more »
Foreign companies are shifting investment out of China as confidence wanes, business group saysBEIJING (AP) — Foreign companies are shifting investments and their Asian headquarters out of China as confidence plunges following the expansion of an…
Source: calgaryherald - 🏆 64. / 52 Read more »
Opinion: Queensway Farm smart, long-term investment for Prince GeorgeMaybe taxpayers would be better off thinking of this farm as something like investing in a museum.
Source: PGCitizen - 🏆 65. / 51 Read more »