Look who now owns Forbes

[Bob Of Burleson]

Forbes Media sold
to Chinese group
Integrated Whale

BBC.com

After 97 years of family ownership, Forbes Media has announced it has sold a majority stake in the company to a Hong Kong-based group of international investors.

Forbes Media - which includes Forbes magazine - was sold to Integrated Whale Media Investments for an undisclosed sum.

The Forbes family said it would still have a "significant" stake.

Steve Forbes will remain as chairman and editor-in-chief.

"While today marks a fundamental turning point in this 97-year-old company founded by my grandfather, it should be seen as an opportunity to continue and strengthen our mission," said Mr Forbes in a blog post announcing the sale.

MORE

[Houston]

get the money while they can before ZERO kills everything.
invest in Hong Kong. an escape plan