Vice Media group files for bankruptcy, lenders agree to buy for just USD 225 Million
Image Credit: hype beast
Vice Media Group has filed for bankruptcy, and the company's lenders, Fortress Investment Group, Soros Fund Management and Monroe Capital, agreed to purchase the company for $225 million -- just about 4 per cent of the company's highest valuation just over six years ago. In 2017, Vice Media raised $450 million, valuing the media company at around $5.7 billion.