Vice Media Group filed for Chapter 11 bankruptcy early Monday morning, marking the end of a long, strenuous effort to sell itself after its business stopped growing.Why it matters: It represents a significant fall from grace from what was once one of the most highly-valued media startups in the internet era.At its peak six years ago, Vice was valued at $5.7 billion. In the past year, Vice struggled to find bidders willing to pay nine figures.At one point, the company considered selling itself in parts. The firm owns a slew of assets, such as Refinery29, a female-focused digital brand that it acquired for $400 million in 2019; Virtue, an in-house marketing agency; I-D, a fashion and culture platform; Vice Studios, its video production arm, and more.

Origen: Vice Media files for Chapter 11 bankruptcy

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