WSJ News Exclusive | Vice Media Nears Deal for $400 Million Sale Out of Bankruptcy

Vice Media is negotiating a deal with senior lenders including Fortress Investment Group and Soros Fund Management to lift the troubled media company out of bankruptcy at a valuation of about $400 million, according to people familiar with the matter.

almost every Vice shareholder,including backers like private-equity firms TPG Group, Sixth Street Partners and media mogul James Murdoch,People aware of the matter said that it will be eliminated under the proposed restructuring. The people said outstanding loans from TPG and Sixth Street would also be impacted as part of the plan. The Murdoch family is a major shareholder in Journal Parent News Corp.