Forbes Media has sold a majority stake to a group of international investors based in Hong Kong operating under the name Integrated Whale Media Investments, the company announced on Friday. According to the NY Times, the deal valued the financial multi-media company at around $475 million. Also read: Forbes Magazine Hits Highest Readership in 97-Year History (Exclusive) The Forbes family will retain a significant stake in the company, a release noted, with Steve Forbes remaining the chairman and editor in chief. A statement from the company on Friday stated that the family ”will work with the investor group to further increase market share of the existing.
- 7/18/2014
- by Jordan Zakarin
- The Wrap
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