Digital media company Vice Media is on the verge of filing for bankruptcy soon. To avoid filing for bankruptcy, the company has been looking for a buyer for the last few months, who can buy the company. According to media company reports.
The report states that five companies have shown interest in acquiring Vice. The report also states that Vice’s other investors, including Disney and Fox, would not receive investment returns in the event of bankruptcy.
It is worth noting that recently, Vice Media had talked about discontinuing its Voice News Tonight broadcast as well as laying off more than 100 employees as part of the restructuring of its global organizations.
