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Vice Media's Next Chapter After Bankruptcy: Fortress Investment Announces Winning Bid Of $225M

Fortress Investment Group’s stalking horse bid of $225 million has been declared the winning offer for Vice Media as the company exits bankruptcy. Despite receiving multiple offers, none were deemed superior to Fortress’s bid, CNBC reported citing an internal memo. GoDigital presented one of the bids at a $300 million valuation. However, Fortress desired more cash and had reservations about GoDigital’s funding. “Our offer was significantly more than the stalking horse...
New York United States Craig Greiwe Fortress Investment Group Walt Disney Co Soros Fund Management
Source: yahoo.com

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