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The Guardian - UK

Business

Dan Milmo

Vice Media close to deal for sale out of bankruptcy

Vice Vice Media James Murdoch Rupert Murdoch Fortress Motherboard Refinery29 Vice News Vice TV

Vice Media offices in Venice, California. — Vice Media offices in Venice, California. The company’s assets include Vice News, Motherboard, Refinery29 and Vice TV. Photograph: Mario Tama/Getty Images

Vice Media is nearing a deal to be bought out of bankruptcy by senior lenders in a process that will wipe out existing shareholders including James Murdoch.

The Wall Street Journal reported on Friday that senior lenders led by the private equity firm Fortress Investment Group are close to agreeing a rescue deal for the global news publisher and TV company.

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