George Soros and Fortress Investment Group Nears Purchase of Vice Media in $400 Million Deal to Expand Propaganda Arm
On Monday, The Gateway Pundit reported that far-left Vice Media is preparing to file for bankruptcy.The company, once valued at $5.7 billion, has been struggling to find a buyer, the New York Times said.
George Soros’ firm considers buying Vice Media out of bankruptcy with $400 million deal
Vice Media is reportedly nearing a deal with the Soros Fund Management, an investment firm founded by billionaire George Soros, and Fortress Investment Group to bail the media company out of bankruptcy, the Wall Street Journal reported Friday.To avoid filing for Chapter 11, Vice would need to sell to the investment groups or obtain another offer. The company was once valued at nearly $6 billion in 2017 but is currently only $400 million.Within t…
Vice Media Nears Deal for $400 Million Sale Out of Bankruptcy
The media business is in talks to sell itself to top lenders Fortress and Soros Fund Management through a reorganization that would wipe out other investors.
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