Vice Media's Next Chapter After Bankruptcy: Fortress Investment Announces Winning Bid Of $225M
Portfolio Pulse from Vandana Singh
Fortress Investment Group's $225 million stalking horse bid has been declared the winning offer for Vice Media as it exits bankruptcy. GoDigital presented a bid at a $300 million valuation, but Fortress had reservations about their funding. Vice will propose the sale to the bankruptcy court on Friday.
June 22, 2023 | 4:36 pm
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NEUTRAL IMPACT
Fortress Investment Group's winning bid for Vice Media may have indirect implications for Disney, which previously invested in Vice.
Disney previously invested in Vice Media, but the article does not mention any direct impact on Disney due to the acquisition by Fortress Investment Group. The impact is likely to be indirect and not significant in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50