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Vice Media Group, which last month filed for Chapter 11 bankruptcy protection, is set to be acquired by investment companies Fortress Investment Group, Soros Fund Management and Monroe Capital.

Vice Media filed for Chapter 11 bankruptcy protection to facilitate a sale of the company and safeguard its future, according to court documents and a statement from the media group.

The company is currently undergoing talks with Fortress Investment Group and Soros Fund Management to be acquired for $400 Million.

Digital media and broadcasting company Vice Media is preparing to file for bankruptcy and is seeking a buyer to avoid that.

The deal includes international content markets, conferences, and events such as NATPE Global, NATPE Budapest, NATPE Streaming+, and the Brandon Tartikoff Legacy Awards. The sale has been approved by the United States Bankruptcy Court and is expected to close before the end of January.