Look who now owns Forbes
Posted: Sat Jul 19, 2014 7:26 am
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.
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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