It has been claimed that Vice Media Group, one of the world’s largest digital media companies, may file the bankruptcy flag. However, according to sources familiar with the matter, the company hopes to get rid of bankruptcy by changing hands.
It started its broadcasting life as a small punk magazine 20 years ago, established a film studio and an advertising agency over the years, and is today one of the largest multinational media companies in the world. Vice Media Groupseems to be going through a very difficult process. According to the news of The New York Times, the company soon announced the official filing for bankruptcy can do. The company is actually playing the handover card to avoid going bankrupt, but it is unclear whether such an agreement can be reached at the point where Vice has arrived.
Vice Media Group has achieved unprecedented growth momentum over the years. In fact, Disney, which is among the investors of the company, bought this company in 2015. 3 billion dollars He even considered buying it in return. This agreement never materialized, but when we came to 2017, things had reached a completely different point. Vice Media Group, $5.7 billion had reached valuation.
Nothing is finalized
As a matter of fact,”The arrival of Thursday is obvious from Wednesday.We once again saw the correctness of his word. Because the company has not been going through a good process for years. For the sake of increasing profitability The company, which has tried every possible way and also resorted to mass dismissal, unfortunately does not seem to be able to find a solution anymore. The solution is either bankruptcy or a complete merger of the company. hand over.
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According to information from The New York Times, based on sources familiar with the subject, so far at least 5 companieshas made it clear that it intends to acquire Vice Media Group. However, it is not clear who these companies are and how much they value for Vice Media Group. In fact, the potential for bankruptcy is becoming more and more likely every day, according to one of The New York Times’ sources. decreasing.
So what happened to make Vice become like this?
Digital media companies, which have become popular with the widespread use of the Internet, changing the way you use the internet they started to shake. It seems that media companies, which cannot adapt quickly to new trends, are at the last point. to share the same fate they will be convicted.
See: In a news we shared with you last week, BuzzFeed News, one of the most popular news sites in the world, has decided to shut down. we talked about.
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Meanwhile; Have been at Vice Media Group for a while defoliation Let me tell you what happened. Former CEO of the company, Nancy Dubuc, has decided to leave her 5-year job. He is also the number one name in charge of the company’s news and entertainment divisions. Jesse Angelo He also recently left the company. It seems that Vice Media Group will continue to be the subject of our news in the coming days.