Group Black has now shifted its focus to a potential bid for BET Media Group. Group Black, which had explored bidding $400 million on Vice earlier this year and was seen as one of the only candidates who would consider a deal, is no longer interested, a source told On The Money. One source said there is a potential buyer for Refinery29. While the company had hoped to make itself more appealing by shopping itself in parts, Vice may not even be able to sell the assets individually. “This is the nightmare scenario for them – they never thought it would come to this,” a banking source said. If the bankrupt gonzo news outfit doesn’t get an offer from an outside buyer at the auction slated for June 22, it will be purchased by its creditor including George Soros’s Soros Fund Management and Fortress Investment for $225 million, according to court documents.īut sources close to Soros and Fortress say neither financial group ever anticipated having to run the media company and that they’ve been caught flat-footed by the media company’s bankruptcy filing. Psychedelics becoming legit mental health treatment - thanks to billionairesĪs Vice Media looks to sell itself later this month, insiders say the likelihood of finding an outside buyer is grim. Goldman Sachs workers grumble over $7 yogurt as cafeteria prices surge despite easing inflation
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