Failing Vice Media Outlet Closes Deal With George Soros
Billionaire George Soros is set to take control of Vice Media, a failed liberal media network.
According to the Wall Street Journal, Vice Media is close to settling a deal to sell itself out of bankruptcy to lenders, including Fortress Investment Group and Soros Fund Management, for a roughly $400 million valuation.
At its prime in 2017, Vice Media was at its peak valuation of $5.7 billion.
Nearly all of Vice’s stockholders, including James Murdoch, the son of Fox News CEO Rupert Murdoch, will be forfeited as a result of...