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LONDON: American-Canadian digital media and broadcasting company Vice Media reportedly filed for bankruptcy on Monday ahead of a planned sale to a group of lenders. The company, whose assets include Vice News, Motherboard, Refinery29, i-D and Vice TV, is expected to be sold to a lender consortium, which includes Fortress Investment Group, Soros Fund Management and Monroe
Vice Media Group filed for Chapter 11 bankruptcy Monday after agreeing to an asset purchase agreement with a group of its lenders.
Vice has entered into a purchase agreement with a lender consortium and expects to emerge from bankruptcy in two to three months
Joele Frank is handling the Chapter 11 filing of Vice Media Group
Vice Media to keep operating amid sale process. From PR Week