June 22 (Reuters) - A group of buyers including Fortress Investment Group may take over Vice Media after the consortium's $225-million offer for the bankrupt company emerged as the only "qualified" bid on the table, according to a legal filing.
Popular with millennial audience through its websites Vice and Motherboard, Vice Media filed for bankruptcy protection last month in a move that capped years of financial difficulties and top-executive departures.
GoDigital Media told Reuters in an emailed statement that it made a higher bid for Vice but the offer was turned down by the sellers.
"We think Fortress's decision is the wrong choice, and the company, employees, partners and consumers will suffer," GoDigital said.
Fortress and Vice did not immediately respond to Reuters' requests for comment on the potential deal, which must be approved by the bankruptcy judge.
Persons:
GoDigital, Privately, James Murdoch's, Yuvraj Malik, Jonathan Stempel, Dietrich Knauth, Shailesh Kuber, Krishna Chandra
Organizations:
Fortress Investment, Media, U.S, Fortress, GoDigital Media, Reuters, Systems, TPG, Technology, Ventures, Antenna Group, Big Tech, Facebook, Google, Thomson
Locations:
Manhattan, Bengaluru, New York