Sarah Arnold
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May 05, 2023Billionaire George Soros is set to take control of Vice Media, a failed liberal media network. According
to the Wall Street Journal, Vice Media is close to settling a deal to
sell itself out of bankruptcy to lenders, including Fortress Investment
Group and Soros Fund Management, for a roughly $400 million valuation. At its prime in 2017, Vice Media was at its peak valuation of $5.7 billion. Nearly
all of Vice’s stockholders, including James Murdoch, the son of Fox
News CEO Rupert Murdoch, will be forfeited as a result of the deal. It
would also elevate outstanding debts owed to TPG Group and Sixth Street
stockholders................To Read More...
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