Chewy's Future Uncertain Amidst Earnings Decline and Acquisition Rumors
Pet supply retailer Chewy may be acquired by a potential buyer, which could potentially limit its growth potential.
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Potential Buyer
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Vice Media on the Brink of Bankruptcy: Reports
Vice Media is reportedly preparing to file for bankruptcy in the coming weeks after failing to find a buyer to purchase the company. The digital media outlet was once valued at $5.7 billion in 2017 but is now valued at a "fraction" of that amount. If Vice files for bankruptcy, its top investor, Fortress Investment Group, may end up controlling the company, and other investors, including Disney and Fox, would not get investment returns. Vice Media has evolved to include five different branches, including a news division and ad agency Virtue.