Trail-blazing youth brand Vice Media has formally filed for Chapter 11 bankruptcy protection. The move is part of a plan to engineer a sale to a group of lenders, according to Reuters. As expected,…
has formally filed for Chapter 11 bankruptcy protection.As expected, the company’s biggest creditor, Fortress Investment Group, will make up part of the new ownership.
Alongside Soros Fund Management and Monroe Capital, Fortress will invest around $225M as a credit bid for almost all of the company’s assets, Reuters reported. The trio will also assume significant liabilities at closing.That came after a tumultuous start to the year for the company, which saw
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Vice Media Group files for Chapter 11 protection to facilitate saleVice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale.
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Vice Media Group files for Chapter 11 protection to facilitate saleThe company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 billion.
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Vice Media Formally Files for Chapter 11 BankruptcyStruggling media company Vice Media Group, said on Monday it had filed for Chapter 11 protection to facilitate its sale. The company said in a court filing that it listed both assets and liabilitie…
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Vice Media Files for Bankruptcy (Report)The company, once valued at $5.7 billion, has struggled with debts and shrinking ad revenue in recent years.
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Drugmaker Athenex voluntarily files for U.S. Chapter 11 proceedingsDrugmaker Athenex Inc and certain of its subsidiaries voluntarily filed for Chapter 11 proceedings, the company said on Sunday.
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