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Vice Media begins new chapter after bankruptcy deal

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Vice Media, once valued at nearly $6 billion, has been sold to a consortium of former lenders, including a fund linked to George Soros, for $350 million.

The media company, co-founded by Shane Smith, filed for Chapter 11 bankruptcy protection in May after facing financial difficulties.

Despite multiple offers for the insolvent firm, a bankruptcy court judge in New York ruled in favor of the group of lenders, which also includes Fortress Investment Group and Monroe Capital.

Vice Media’s value plummeted from $5.7 billion in 2017 under Smith’s leadership to a fire-sale price of $350 million.

The company underwent leadership changes, with Nancy Dubuc taking over as CEO in 2018 to address reports of a toxic culture.

However, she left the firm earlier this year.

The deal is seen as the beginning of a new chapter for Vice Media, as it aims to rebuild under its current co-CEOs, Bruce Dixon, and Hozefa Lokhandwala.

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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