GoDigital Plans Bid To Buy Vice Media Out Of Bankruptcy, Including News Site Refinery29, Sources Say;
Portfolio Pulse from Charles Gross
GoDigital is planning to bid for Vice Media, which includes news site Refinery29, as the company faces bankruptcy, according to Wall Street Journal sources.
June 15, 2023 | 11:24 pm
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NEGATIVE IMPACT
Disney, a major investor in Vice Media, may be affected by the potential acquisition of Vice Media by GoDigital.
Disney is a major investor in Vice Media, and the potential acquisition of Vice Media by GoDigital could lead to a loss on their investment. This may negatively impact Disney's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50