George Soros’ Investment Firm, Others To Buy Vice Media After Bankruptcy

Soros Fund Management (SFM) and other investors will buy Vice Media for about $225 million after the media company filed for bankruptcy protection Monday.

The digital media company was once valued at $5.7 billion, but is now relying on funds from bidders to continue operations until its sale is finalized in the next two to three months, according to a Monday press release. SFM was founded and is chaired by left-wing billionaire and philanthropist George Soros and is the principal asset manager for the Open Society Foundations, of which Soros is the founding chair.