Vice filed for bankruptcy as expected Monday morning, the latest large media company to go under. In this case, it appears that a group of Vice lenders including Soros Fund Management.
Vice filed for bankruptcy as expected Monday morning, the latest large media company to go under. In this case, it appears that a group of Vice lenders including Soros Fund Management and Fortress Investment Group will attempt the buy the company with a credit bid of $225 million, reports CNBC. All of which cements „Vice’s status among the most notable bad bets in the media industry,“ per the New York Times. The former digital powerhouse is known for sites including Vice, Motherboard, and Refinery29.
