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
Look who now owns Forbes
Re: Look who now owns Forbes
get the money while they can before ZERO kills everything.
invest in Hong Kong. an escape plan
invest in Hong Kong. an escape plan
Four boxes keep us free:
the soap box, the ballot box, the jury box, and the cartridge box.
"You will never accomplish gun control by disarming law-abiding citizens"
Ronald Reagan
the soap box, the ballot box, the jury box, and the cartridge box.
"You will never accomplish gun control by disarming law-abiding citizens"
Ronald Reagan
Who is online
Users browsing this forum: No registered users and 69 guests