Vice Media Reportedly Restarting Sales Process

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Vice Media, the business behind Vice television’s Dark Side of the Ring, is supposedly rebooting its sale procedure. Talks with Greek broadcast business Antenna Group stalled out just recently.

CNBC reports that the media business is rebooting the procedure after interested celebrations held back due to the preliminary price of $1 billion to $1.5 billion. The report keeps in mind that Vice Media is now on sale for less than $1 billion, a significant drop-off for a business that deserved $5.7 billion in 2017.

It was kept in mind back in December that Vice would miss its predicted profits for 2022 by about $100 million. Specialists understood then that this might possibly affect its sales procedure. Vice had actually remained in talks with Antenna Group at that time, however those talks stalled in the previous a number of weeks. Antenna will likely be interested once again now that the procedure has actually rebooted.

Associates for Vice Media, Antenna, and Fortress Investment Group, among Vice’s lending institutions who are driving the sale procedure, decreased to comment.

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