The Internal Revenue Service filed a claim in Vice Media Group’s bankruptcy case saying the company’s Refinery29 division owes the U.S. government about $40.9 million in back taxes, int…
established for Vice’s bankruptcy case, which is being overseen by the U.S. Bankruptcy Court for the Southern District of New York.Vice Media completed the acquisition of Refinery29On July 31, Vice Media announced the closing of its deal to be acquired by a consortium of former lenders, comprising funds managed by affiliates of Fortress Investment Group, Soros Fund Management and Monroe Capital. The deal values Vice at $350 million, compared with its peak valuation of $5.7 billion six years ago.
In addition to taxes the IRS says it is owed for Refinery29, the agency has filed claims seeking to recover an additional $1.24 million in taxes and penalties from Vice Media, its affiliates and/or subsidiaries, according to filings. Vice Media’s bankruptcy filing in May disclosed that the company had $834 million in debt and $350 million in assets.
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