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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Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament. How had they done it, she asked him. How had the EU managed to bring big tech to heel? The liberal Massachusetts senator, alongside Sen. Richard Blumenthal (D-Conn.), had stopped off in Brussels on August 25 to speak with European...
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