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Om Mani Padme Hum
Om Mani Padme Hum
- wong chee tat :)
Sunday, July 20, 2014
Forbes Media sold to Chinese group Integrated Whale
18 July 2014 Last updated at 19:38
Forbes Media sold to Chinese group Integrated Whale
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.
Forbes - which says it reaches 75 million people worldwide every month through its print, digital, TV, conferences and research ventures - began looking for a buyer last November.
Forbes will continue to be headquartered in the US, but announced plans for an international expansion.
- wong chee tat :)
Forbes Media sold to Chinese group Integrated Whale
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.
Forbes - which says it reaches 75 million people worldwide every month through its print, digital, TV, conferences and research ventures - began looking for a buyer last November.
Forbes will continue to be headquartered in the US, but announced plans for an international expansion.
- wong chee tat :)
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