TPCO - Forbes Media in said in talks to be purchased by GSV-led group
Forbes Media is said to be in exclusive discussions to be acquired by a group led by GSV Asset Management.The deal would value the news publisher at more than $600M, according to a Blomberg report. A deal with GSV Asset, led by tech investor Michael Moe, isn't finalized and it could be completed in the coming months.Reuters last week reported that Forbes Media was said to be in talks with an unnamed SPAC and other rival bidders for a sale that would value the firm at up to $700M.Forbes magazine was founded in 1917 by business journalist B.C. Forbes, father of late Editor-in-Chief Malcolm S. Forbes and grandfather of former Republican presidential candidate and current Editor-in-Chief Steve Forbes.However, the Forbes family sold a majority interest in the company to Hong Kong’s Integrated Whale Media in 2014.Forbes Media isn't the only media property up for sale. Tribune Publishing (TPCO) is in the midst of a
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Forbes Media in said in talks to be purchased by GSV-led group