Vice Media is preparing to file for bankruptcy, possibly in the next few days, according to The Wall Street Journal.

Closing Bell

Vice Media to Reportedly File for Bankruptcy

Vice media preparing to file for bankruptcy possibly as soon as these next few days according to a report in the Wall Street Journal, while the journal saying the company has been searching for a buyer and it does come after the company ended its entire world news brand just last week following the potential filing. Vice would reportedly look to sell itself through a court supervised sale allowing it to stay in business rather than being liquidated. And in a statement of Ice spokesperson saying the company, its board and stakeholders continue to be focused on finding the best path for the company at its peak. Vice was valued at $5.7 billion.