In a bid to revive Vice Media’s struggling finances and visibility, Influence Media Corp, backed by Vanguard United Investment Consulting, has offered to acquire the media giant.
Vice Media has faced financial difficulties in recent times, and this acquisition offer aims to revitalise the company. Mumbai-based Influence Media is Asia’s largest social media entity and owns numerous news pages and profiles across various social media platforms. Vanguard United Investment Consulting is a subsidiary of the Tbilisi-based Vanguard Hedge Fund, which also operates in Mumbai.
George Kobiashvili, the owner of Vanguard Hedge Fund, expressed his intention to acquire Vice Media in an official offer sent to the company, including an offer to settle the company’s outstanding debts. George believes that Vice Media and other similar organisations should be at the forefront of the movement to modernise conventional media outlets.
The acquisition offer from Influence Media Corp. aims to facilitate Vice Media to renegotiate its debt, improve its balance sheet, and bring in liquidity. Influence Media Corp. has an ambitious three-year expansion plan informed by extensive research on European and American media firms, including Vice Media. The acquisition aligns with both enterprises’ goals and values, and the companies hope to drive mutual success through this collaboration.
Speaking about the fund raising, George Kobiashvili, Founder, Vanguard Hedge Fund, said, “The current entertainment and journalism industries’ primary strengths are companies like Vice Media. Joining forces with Vice Media Company is a smart long-term decision for Influence Media Corp. For Influence Media’s growth in the US and Europe, the work Vice Media creates and the people they hire can be very beneficial. For this reason, we have decided to send Vice Media the letter of intent for the purchase proposal. I foresee that with the aid of this acquisition, Vice Media may in a year become a $10 billion company,”
Vice Media may pay off a piece of its debt today and spend more money to encourage growth, enhance cash flow, and turn a profit with the aid of their primary investor and the resources of Influence Media.
“Many firms face this issue, in which they become mired down in corporate red tape and end up making poor decisions without thoroughly assessing their options. There’s no reason not to talk about a billionaire’s offer before making any decisions that affect thousands of employees, investors, owners, and potentially millions of subscribers or viewers! He may offer to pay off some of your debt immediately and provide you with additional funds to boost the growth and cash flow of your firm”, concludes George.
Feedback: [email protected]
