Vice Media is close to a deal under which it would be bought out of bankruptcy by Soros Fund Management, Fortress Investment Group and other lenders in a deal valued at $400 million, the Wall Street Journal reported on Friday. The deal, which prices the struggling media outlet far below the $5.7 billion valuation it reached in 2017, would wipe out most of Vice’s shareholders and impair debts held by other firms, the Journal said, citing people familiar with the matter.
Vice Media is close to a deal under which it would be bought out of bankruptcy by Soros Fund Management, Fortress Investment Group and other lenders in a deal valued at $400 million, the Wall Street Journal reported on Friday. The deal, which prices the struggling media outlet far below the $5.7 billion valuation it reached in 2017, would wipe out most of Vice’s shareholders and impair debts held by other firms, the Journal said, citing people familiar with the matter.