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Vice Media Declares Bankruptcy As Soros And Fortress Set To Become New Owners

Posted on AllSides May 15th, 2023
From The Right

Vice Media Declares Bankruptcy As Soros And Fortress Set To Become New Owners On Monday morning, Vice Media filed for Chapter 11 bankruptcy in the Southern District of New York and is anticipated to be acquired by its creditors. The Brooklyn-based media company that once boasted a $5.7 billion valuation listed assets and liabilities between $500 million to $1 billion. In a separate statement, Vice Media announced the "Lender Consortium," which includes Fortress Investment Group, Soros Fund Management, and Monroe Capital, will purchase the media outlet for approximately $225 million...

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https://zerohedge.com/markets/vice-media-declares-bankruptcy-soros-and-fortress-set-become-new-owners

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