NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.
NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.
The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal.
Forbes’s new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of Asustek Computer.
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