Vice Media Closes $350 Million Sale to Investors Fortress, Soros Fund Management and Monroe Capital
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variety.comTodd Spangler NY Digital Editor Vice Media Group announced the completion of its post-bankruptcy sale to a consortium of former lenders, in a deal valuing the once-high-flying media company at $350 million.
As previously announced, the new owners of Vice Media are funds managed by affiliates of Fortress Investment Group, Soros Fund Management and Monroe Capital.
The recently installed co-CEOs of Vice Media Group heralded the deal close as “the start of an exciting new chapter” for the Brooklyn-based company.
Vice Media filed for Chapter 11 bankruptcy protection in May, after months of struggling to pay its bills. It’s a fire sale for the company, which in 2017 had boasted a valuation of $5.7 billion.
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