Vice Media officially files bankruptcy

Cristina Joy Valerio May 16, 2023 · 1 min read

Listen to article

Google replaces Fitbit app with new Google Health app vivo Y31d pre-order now available in the Philippines DJI Osmo Pocket 4P gets an early preview ASUS Chromebook CM14 announced ASUS ROG unveils Strix OLED XG34WCDMS, Strix XG129C monitors

With the announcement of Vice Media heading for bankruptcy two weeks ago, the company has confirmed to file for bankruptcy.

Vice

Vice Media has officially filed for bankruptcy. Should no company step forward to acquire Vice Media, Fortress Investment Group and Soros Fund Management are currently in the position to grab the company. They have given a bid of $225 million and have said that they will take over “significant liabilities” from Vice should any deal they have closes.

Operations for Vice and their businesses will still continue even with the bankruptcy. Websites and other divisions like Virtue, Vice’s advertisement agency, Refinery29m and Pulse Films will also continue their operations during this.

Vice Media is another digital-media company that has filed bankruptcy this year. Similar to Vice, BuzzFeed News has shut down their operations last April 21.

React to this article:

vice vice bankruptcy vice media vice media bankruptcy

Cristina Joy Valerio

Senior Writer

Cristina Joy D. Valerio, more commonly known as CJ to most, is a Multimedia Producer at Yugatech. She has an interest in the evolving world that is technology. Apart from that, she organizes D&D sessions, plays video games, and watches anime to kill time. CJ's alma mater is iACADEMY and graduated with a Bachelor of Science in Information Technology specializing in Web Development.

1,385 Articles

View all posts by Cristina Joy Valerio →