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The stalking horse bid was deemed the most qualified and an auction set for today called off. A deal must be approved by a New York bankruptcy court.
Along with contemporaries like Buzzfeed, Vice stumbled as advertising profits fell and interest rates rose.
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Vice Media received court permission on Tuesday to borrow $5 million to fund its bankruptcy, saying it will use the money in part to pay freelancers and prepare the company for a sale. ... | June 12, 2023