YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Vice Media filed for Chapter 11 bankruptcy protection to facilitate a sale of the company, CNN Business reports.
Creditors including Fortress Investment Group, Soros Fund Management and Monroe Capital are buying "substantially all of the company’s assets," Vice officials said.
“This accelerated court-supervised sale process will strengthen the company and position Vice for long-term growth,” co-CEOs Bruce Dixon and Hozefa Lokhandwala said in a joint statement.
Read more from CNN Business.
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