Anonymous ID: a0b8a1 Feb. 18, 2023, 6:41 a.m. No.18370250   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0270

https://www.wsj.com/articles/vice-media-gets-30-million-plus-lifeline-from-fortress-as-bills-pile-up-a1bcb1ee

Vice Media Gets $30 Million-Plus Lifeline From Fortress as Bills Pile Up

Company owes millions of dollars in overdue payments to several vendors, some of whom have resorted to debt collectors

Vice Media has secured more than $30 million in debt financing from Fortress Investment Group, according to a person familiar with the matter, as the new-media company faces a financial crunch.

Vice, which is trying to sell itself, owes millions of dollars to vendors and advisers, some of whom havenโ€™t been paid for more than six months, according to people familiar with the matter. Some vendors have resorted to collections agencies to retrieve payments, some of the people said.

Anonymous ID: a0b8a1 Feb. 18, 2023, 6:45 a.m. No.18370270   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0275

>>18370250

>Fortress Investment Group

https://en.wikipedia.org/wiki/Fortress_Investment_Group

Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock; Rob Kauffman, a managing director at UBS; and Randal A. Nardone, also a managing director at UBS. Fortress quickly expanded into hedge funds, real estate-related investments and debt securities, run by Michael Novogratz and Pete Briger, both former partners at Goldman Sachs.

Anonymous ID: a0b8a1 Feb. 18, 2023, 6:47 a.m. No.18370275   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>18370270

>Wesley R. Edens, a former partner at BlackRock

https://en.wikipedia.org/wiki/Wes_Edens

He began his career in 1987 at Lehman Brothers, where he was a partner and managing director until 1993. He then went to BlackRock's private equity division BlackRock Asset Investors, where he remained until 1997 as a partner and managing director.