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Vice Media files for bankruptcy, sale planned to ‘lender consortium’

Vice Media Vice Bruce Dixon Hozefa Lokhandwala BuzzFeed News New York The United States United States

Vice Media officially filed for bankruptcy today in the United States to facilitate its sale to a lender consortium. A statement from the company indicated it filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the southern district of New York.

The company said it has “agreed to the terms of an asset purchase agreement” with a consortium of its lenders “subject to higher and better bids from other parties”.

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