PWInsider reports that VICE, the parent company of The dark side of the ring network VICE TV, will be sold for 350 million dollars. There will be a meeting of creditors in New York City on July 12. A group led by The Fortress Investment Group, Soros Fund Management and Monroe Capital is buying the company. The sale is expected to be contested in the coming months.
The purchase includes all of Vice’s assets and some of its liabilities. According to a bankruptcy filing, Vice previously owed the group $474,600,000. The company filed for Chapter 11 bankruptcy last month. At the time, the 24-page filing noted that a $225 million sale was on the table. A&E, which airs WWE content and has a stake in Vice, was listed as owing $937,000 in the filing.