The hits keep coming for online media sites. Last year Buzzfeed News announced it was shutting down for good (though the listicles are still there). Just a few weeks later we learned that Vice News was headed for bankruptcy. It was eventually acquired at a discount price by a group of investment firms.
Vice Media, the once-high flying digital media company valued at billions of dollars, is set to be acquired out of bankruptcy by three investment companies, including Fortress Investment Group, for $350 million.
The acquisition of the one-time media powerhouse by its three creditors — made up of Fortress, Soros Fund Management and Monroe Capital — is set to take place after Vice said in a legal filing Thursday that it received no other satisfactory bids as it explored a sale for the company…
The acquisition agreement is the latest in a tumultuous period for Vice Media, which was…
