Vice Media, the once-hot digital news startup that was valued at $5.7 billion at its peak, said it has received a rescue offer and filed for bankruptcy protection.
The company, whose assets include Vice News, Vice TV, Refinery29 and Motherboard, on Monday said a group of its creditors, including Soros Fund Management, Fortress Investment Group and Monroe Capital, has agreed to buy Vice for about $225 million and take on “significant liabilities.” The agreement is subject to higher bids from other parties, it said.
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