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Dave Smith, a creditor to Vice Media, which filed bankruptcy earlier this year, sent word there is a meeting for creditors on 7/12 in New York City.
A group led by The Fortress Investment Group, Soros Fund Management and Monroe Capital had a purchase for the company, including Vice TV - which airs Dark Side of the Ring and Tales from Territories and in the past, has featured MLW content - for $350 million.
The purchase would be a blanket sale of all of Vice’s assets and also include the group taking over some of Vice's liabilities. Vice owed $474,600,000 to the group based on the bankruptcy filing.
Vice Media, the parent company of Vice TV, officially filed for bankruptcy in May in an attempt to make a sale of the company easier. The company, once valued at $5.7 billion, filed for Chapter 11 bankruptcy, with the 24-page filing noting that a sale of the company for $225 million, including all assets and current liabilities, is on the table and is expected to be completed within the next several months.
WWE broadcast partner A&E (who own a stake in Vice) were listed as owed $937,000 in the filing.
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