VICE Media, which is the parent company of Vice TV that airs Dark Side of the Ring, Tales of the Territories, and other wrestling-related programming, filed for Chapter 11 bankruptcy today in New York.
This is in an attempt to make a sale of the company easier. The 24-page filing noted that a sale of the company for $225 million, including all assets and current liabilities, is expected to be completed within the next several months.
The new buyers will be a group consisting of Fortress Credit Corporation, Soros Fund Management, and Monroe Capital.
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