Vice Media agrees bankruptcy sale to creditors | The Malaysian Insight

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Vice Media agrees bankruptcy sale to creditors | The Malaysian Insight
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Vice Media agrees bankruptcy sale to creditors

A group of creditors is set to take over Vice Media Group with a US$350 million offer, a little over a month after the US digital media company filed for bankruptcy. – AFP pic, June 23, 2023.

A GROUP of creditors is set to take over Vice Media Group with a US$350 million offer, a little over a month after the US digital media company filed for bankruptcy. Led by Fortress Investment Group, the creditors had initially offered US$225 million for the youth-focused media outlet, but a court filing yesterday showed it had been upped to US$350 million.

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