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Al Jazeera
Al Jazeera
Business

Vice Media to be acquired by Fortress-led lender group for $350m

Vice Vice Media Fortress
Privately held Vice Media was valued at $5.7bn at its peak in 2017 [File: Mario Tama/Getty Images/AFP]

Online publisher Vice Media will be sold to a consortium led by Fortress Investment Group after the bankruptcy court approved its $350m bid on Friday.

The investor group, which includes Soros Fund Management and Monroe Capital, bumped up its offer to $350m for all of Vice’s assets and some liabilities, from its initial bid of $225m. The offer is in the form of a credit bid.

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