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It is rumored that Vice, one of the world’s largest digital media companies, is going out of business.

  • May 2, 2023
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It started its broadcasting life as a small punk magazine 20 years ago, established a film studio and an advertising agency over the years and today is one

It is rumored that Vice, one of the world’s largest digital media companies, is going out of business.

It started its broadcasting life as a small punk magazine 20 years ago, established a film studio and an advertising agency over the years and today is one of the largest multinational media companies in the world. vice media groupseems to be going through a very difficult process. According to The New York Times news, the company soon announced the official file for bankruptcy can do. The company is actually playing the transfer card to avoid bankruptcy, but it’s not clear if such an agreement can be reached at the point Vice has gotten to.

Vice Media Group has achieved unprecedented growth momentum over the years. In fact, Disney, one of the company’s investors, bought this company in 2015. 3 billion dollars He even considered buying it in return. This agreement never materialized, but when we got to 2017, things had gotten to a very different point. deputy media group, $5.7 billion appreciation reached.

Nothing is final

vice media group

Actually,”Thursday’s arrival is clear from Wednesday.We again saw the correctness of his word as the company has not been going through a proper process for years. For the sake of increasing profitability The company, which has tried all possible ways and has also resorted to mass layoffs, unfortunately seems unable to find a solution anymore. The solution is bankruptcy or a full merger of the company. hand over.

This is according to information from The New York Times, based on sources familiar with the subject so far at least 5 companieshas made it clear that it intends to acquire Vice Media Group. However, it is not clear who these companies are and how much they value Vice Media Group. In fact, the odds of bankruptcy are getting bigger and more likely every day, according to one of The New York Times sources. decreasing.

So what happened to make Vice like that?

Vice on the verge of bankruptcy

Digital media companies, which have become popular with the widespread use of the Internet, change the way you use the internet they started shaking. It seems that media companies, unable to quickly adapt to new trends, have come to the latter point. to share the same fate they will be convicted.

See: In a piece of news we shared with you last week, BuzzFeed News, one of the most popular news sites in the world, has decided to shut down. we talked about.

In the meantime; Has been with Vice Media Group for a while defoliation Let me tell you what happened. Former CEO of the company, Nancy Dubuc, has decided to quit her 5-year job. He is also number one in charge of the company’s news and entertainment divisions. Jesse Angelo He also recently left the company. It looks like Vice Media Group will continue to be the subject of our news in the coming days.

Source: Web Tekno

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