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media/telecom

Fortress to Acquire Digital Media Brand Vice out of Bankruptcy

By
Alex Perry
and
Rachel Graf
· · Source: The Information

Fortress Investment Group confirmed its intention to acquire the bankrupt Vice Media Group, whose portfolio includes Vice News, Refinery29 and i-D magazine, after other firms failed to top its offer of $225 million. The acquisition is expected to close Friday, pending approval from a bankruptcy judge. The amount is a far cry from the $5.7 billion valuation put on Vice in 2017, the heyday...

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