The news giant was once valued at $5.7 billion, but will now be sold to its creditors for a fraction of that sum Vice Media has filed for Chapter 11 bankruptcy, and will likely be acquired by Fortress Investment Group and billionaire financier George Soros’ hedge fund. Vice’s raunchy and irreverent content endeared it to millennial audiences, but critics have ridiculed the outlet for degenerating into a “woke” parody of itself in recent years. Vice Media LLC submitted its filing on Monday, according to Motherboard, the company’s tech-focused news site. Soros Fund Management and the New York-based Fortress Investm
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