2 ms·
> A group of creditors could buy Vice for $225 million. So I guess the $400M acquisition bids that were reported didn't go through?
by samspenc 3y ago
> A group of creditors could buy Vice for $225 million.
So I guess the $400M acquisition bids that were reported didn't go through?
- guiriduro 3y agoI guess. Isn't it usually the case that if a company has sufficient tangible and intangible value and competition between interested bidders, that it gets bought normally; but if its value is substantially less than the total of its assets, debts, equity etc., then the few bidders will wait until a bankruptcy process eliminates a substantial part of the former debt and all the equity to leave a saleable core business, which can only happen in a bankruptcy proceeding anyway. Something tells me that post-ZIRP we're going to see that happen a lot.