The insolvent media house “Vice” is said to be about to change hands. The New York Times reports this based on three anonymous sources close to the medium. According to this, a group of buyers would have offered the equivalent of nearly 203 million francs, including the American investment company “Fortress Investment Group”.
According to the report, multiple offers have been received for the media brand. However, only the Fortress offer is considered “qualified”. Approval from an insolvency court is also required for the sale. A bankruptcy auction was originally planned for Thursday, but it has been canceled.
«Vice» is a US online and print magazine published by Vice Media. The company was founded in Canada in 1994 and is now based in New York and also has a German branch.
Over the years, Vice has founded a number of television companies, including a cable network. The magazine is funded by advertisements.
Sources
- nytimes.com: Fortress Investment Group is going to take over Vice out of bankruptcy
Other interesting articles:
- Loss of value in the billions: News portal “Vice” files for bankruptcy
- US online medium: “Vice” is apparently insolvent
- Media: “New York Times” reveals sexual assault at “Vice”.
(t-online/dsc)
Source: Watson
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
