![]() ![]() In an email obtained by the Guardian sent to Vice staff on Thursday morning, co-CEOs Bruce Dixon and Hozefa Lokhandwala wrote: “Today we filed a notice with the bankruptcy court designating the ‘stalking horse bidder’ as the successful bidder for the company.” ![]() ![]() They claimed to have “worked until the last minute to make adjustments that would help meet a productive compromise” but ultimately “the sellers and we have different values”. In a statement to the Guardian, GoDigital said they “developed a plan not just for the survival of Vice and its brands, but for their rejuvenation, growth, and expansion” and “put in a bid that properly reflects a future where everyone has a stake”. The Times also noted that when companies declare bankruptcy, subsequent deals need to be approved by a bankruptcy judge who decides if the buyers’ plan is “sustainable for the business”.Īn upcoming bankruptcy auction for the company was originally scheduled for Thursday and has been called off, per the Times.Ī source disclosed to the Guardian that GoDigital, a privately held multinational group that owns the Latino digital media company NGLmitú, music distributor Cinq Music, and more, had been in negotiations to acquire Vice, but that fell through. Amid multiple bids, Fortress’s bid was reportedly the most “qualified” buyer for the standard set by Vice. ![]()
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