Vice Media files for bankruptcy, lenders to purchase it for USD 225 million
Vice Media Group has filed for bankruptcy and the company's lenders, Fortress Investment Group, Soros Fund Management
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Vice Media Group has filed for bankruptcy and the company's lenders, Fortress Investment Group, Soros Fund Management
Vice Media has formally filed for Chapter 11 bankruptcy protection after teetering on the edge for weeks.
It marks a significant fall from grace from what was one of the most highly-valued media startups.
Vice Media Group on Monday confirmed that it is seeking bankruptcy protection and had filed for Chapter 11 relief.
Vice Media Group officially filed for Chapter 11 bankruptcy on Monday morning as the latest in a series of media layoffs, cuts and shutdowns this year.