Vice Media Files for Chapter 11 Bankruptcy
Vice Media Group on Monday confirmed that it is seeking bankruptcy protection and had filed for Chapter 11 relief.
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Vice Media Group on Monday confirmed that it is seeking bankruptcy protection and had filed for Chapter 11 relief.
A consortium led by Fortress Investment Group and Soros Fund Management could be readying to buy Vice for $400 million, The Wall Street Journal reported on Friday.
Colourful company once valued at $9.2 billion has been struggling to find a buyer.
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A new report indicates that Vice Media Group, the home of Dark Side of the Ring, could file for bankruptcy if a new buyer is not found.