The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 billion.

Vice also said the group agreed to the terms of an asset purchase agreement with a consortium of its lenders, which included Fortress Investment Group, Soros Fund Management, and Monroe Capital.

The consortium agreed to provide total purchase consideration of approximately $225 million in the form of a credit bid for substantially all of the company's assets, in addition to the assumption of significant liabilities upon closing, the statement said.

The bankruptcy filing comes amid a challenging period for several technology and media companies, as they resort to downsizing in recent months due to a turbulent economy and a weak advertising market.

Vice has also obtained commitments for debtor-in-possession financing from the lenders, as well as consent to use more than $20 million of cash that constitutes the cash collateral.

(Reporting by Rahat Sandhu in Bengaluru; editing by Uttaresh Venkateshwaran)