Vice reportedly headed to bankruptcy: NYT ...Middle East

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Vice reportedly headed to bankruptcy: NYT
source : The Hill ( Middle East ) () 62
The New York Times reported Monday that digital media outlet Vice is preparing to file for bankruptcy in the coming weeks, citing sources familiar with the matter. The Times reported that Vice has been looking for a buyer to purchase the company over the last few months to avoid declaring bankruptcy. The report said that more than five companies expressed interest in buying the digital media outlet, but that the chances of Vice being acquired by another company are slim, according to people familiar with the matter. Vice was once reportedly valued at $5.7 billion in 2017 after private equity firm TBG made a $450 million investment into the company, but then dropped in 2021 to about $

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