WSJ News Exclusive | Group Black Submits Bid of About $400 Million for Vice Media

Group Black, which aims to invest in and grow Black-owned media firms, has submitted a bid to acquire embattled Vice Media for around $400 million

Black-owned media firms, has submitted a bid to acquire beleaguered Vice Media for around $400 million, according to people familiar with the situation.

Vice has received other bids for the entire business as well as pieces of its business, people familiar with the matter said. The company hopes to wrap up the bidding process in the next few days, the people said.

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