Fortress Investment Group, which led the sale process, deemed that no other bids were credible.
A general view of atmosphere at the VICE Kills TX Music Showcase during the 2013 SXSW Music, Film + Interactive Festival at Viceland on March 16, 2013 in Austin, Texas. Vice Media has declared Fortress Investment Group's stalking horse bid of $225 million the winning offer for the company as it emerges from bankruptcy.
"Our offer was significantly more than the stalking horse bid by the sellers," GoDigital said in a statement. "The sellers chose to turn down this opportunity even though it was a bid higher than their own."
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