A group of Vice Media’s leading lenders will acquire the company out of Chapter 11 after the $225 million bid — led by Fortress Investment Group, Soros Fund Management and Monroe Capita…
LA-based GoDigital, one of the bidders for Vice, put out a statement today saying its offer was “significantly more than the stalking horse bid by the sellers” and “included a concrete plan with real, renewed leadership, expertise, and investment that would have led to a profitable Vice in under 12 months.”
Vice, led by co-CEOs Bruce Dixon and Hozefa Lokhandwala, had been looking for investors or a buyer for some time but hadn’t been able to close a deal. Shane Smith, one of three original founders, ran the business as CEO from its founding until 2018, when he was replaced by former A+E Networks boss
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