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Vice Media Nears Deal for $400 Million Sale Out of Bankruptcy

Posted on AllSides May 5th, 2023
From The Center
MARIO TAMA/GETTY IMAGES

Vice Media is nearing a deal for senior lenders including Fortress Investment Group and Soros Fund Management to acquire the troubled media company out of bankruptcy at a valuation of around $400 million, according to people familiar with the matter.

Nearly every Vice stockholder—including backers such as private-equity firm TPG Group, Sixth Street Partners and media mogul James Murdoch—would be wiped out under the proposed reorganization, the people familiar with the matter said. Outstanding debts held by TPG and Sixth Street would also be impaired as part of the plan,...

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https://www.wsj.com/articles/vice-media-nears-deal-for-400-million-sale-out-of-bankruptcy-64297d2

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