Forbes publisher sold to Asian investors

July 19, 2014 00:18

The publisher of the US business magazine Forbes said today that a controlling stake in the group had been sold to a Hong Kong-based investment consortium.

Forbes Media will remain privately held and US-based, but a majority stake is being sold to the newly formed Integrated Whale Media Investments, based in Hong Kong. The Forbes family will retain "a significant ownership stake" in the company under the plan and will continue to participate in its operations.

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