US media outlet Vice could file for bankruptcy in coming weeks ...Middle East

WASHINGTON: US media outlet Vice could file for bankruptcy in the coming weeks after failing to find a buyer so far this year, reported Sputnik.The New York Times on Monday, citing people familiar with the matter, the company still has time to find a buyer, and more than five companies have shown interest.Vice was worth US$5.7 billion in 2017, but it is now valued at a small fraction of that estimate, according to the report.If Vice falls into bankruptcy, the company could end up being controlled by its largest debt holder, Fortress Investment Group. - Bernama

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