Vice Media is preparing to file for bankruptcy – after attempts to find a buyer for a company once valued at $5.7 billion appeared to be going nowhere.
More than five companies have expressed interest in acquiring Vice, The New York Times reported on Monday, but the chances of a sale are seen as increasingly remote.
The decline of Vice comes a little over a week after BuzzFeed News announced its closure, and three months after Vox laid off 130 people, representing 7 percent of staff.
Vice, Buzzfeed, Vox. Commonality? All left all the time. The market is saturated.
