Bankrupt media company Vice Media has been sold for $350 million to a consortium of former lenders that include a fund linked to George Soros, reports said.

Multiple offers for the insolvent media firm emerged but a bankruptcy court judge in the Southern District of New York said in June that the best option came from the group of lenders that also include Fortress Investment Group and Monroe Capital.

“We are very pleased to complete the acquisition of Vice and we are excited to build upon the achievements of one of the most iconic brands in news and entertainment,” Vice and Fortress said in a joint statement.

“We look forward to growing a strong business that is committed to serving audiences, brands and partners with award-winning content. With a strong management team in place, Vice is well-positioned to grow its uniquely compelling world class businesses and drive value during its next chapter,” it added.

Vice, which had boasted a valuation of a whopping $5.7 billion in 2017, filed for bankruptcy protection in May after months of struggling to pay its bills.