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Bankrupt Vice Media plans sale to Fortress Investment-led group

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A group of buyers including Fortress Investment Group may take over Vice Media after the consortium's $225-million offer for the bankrupt company emerged as the only 'qualified' bid on the table, according to a legal filing.

Co-Founders of VICE Shane Smith and Suroosh Alvi pose as they arrive for the 20th Annual Webby Awards in Manhattan, New York, U.S., May 16, 2016. REUTERS/Mike Segar/File Photo

Thursday's auction has been canceled and a hearing to approve the sale of the company was scheduled for Friday, according to a filing with the U.S. bankruptcy court in Manhattan on Thursday.bankruptcy At the time, Vice disclosed that lenders led by Fortress offered about $225 million in the form of a credit bid for almost all of the company's assets and some of its liabilities.

"We think Fortress's decision is the wrong choice, and the company, employees, partners and consumers will suffer," GoDigital said.

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