Vice Media Group files for bankruptcy under Chapter 11 and is selling the group to the lenders

Image Source by GOOGLE

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[{"selector":"#anim-41c33846-027a-4451-af85-f083a2d93f6d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-9.116977261829774%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-20b512eb-9223-48a7-be27-df40f57da9f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ca21afc4-d86c-4a0a-9f48-c80e3cb4596e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The Vice Media Group was estimated to be worth $5.7 billion about six years ago as per media sources

[{"selector":"#anim-b09e48d0-bc2c-4d30-8be6-70bb6a618784 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.5604395614438964%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fe94192b-653e-4552-b181-60f2c8c3cdac","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5dccdac6-c2f6-422a-bc76-ba42bb76c2c4","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE In Court, the company representative pegged the value of its assets and liabilities to be between $500 mn to $1 bn

[{"selector":"#anim-037ee1f6-8fff-4baa-8b8e-fd9e9a69b0a5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.5692308112192705%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f79ae5af-5270-48fa-aaf7-d4949c34824c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-82ad5a85-e4b1-4fe1-95d9-d750a4486a6d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The lender’s consortium has already submitted $225 million credit bid to take over the Vice Media Group

[{"selector":"#anim-4067e789-f280-4e51-90ac-edf2474ba107 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.167478073572273%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6f10f98d-9de3-434c-adec-ece25907c269","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-db4005d8-8902-427b-b5ef-88ae05de1ada","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source by GOOGLE The lenders have agreed to lend $20 million more to allow the publisher to remain operational during the sales

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Vice Media Group files for bankruptcy under Chapter 11 and is selling the group to the lenders

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