Forbes magazine, one of the icons of American capitalism, will soon stop bieng a family business and will be controlled by a consortium of Asian investors. Who will seek to expand the presence of Forbes on Internet and social networks.
The amounts of the operation, advanced on Friday by the magazine itself, have not been revealed, but according to The New York Times, the sale values the company at $ 475 million. So, according The Wall Street Journal, investors would have paid more than 300 million dollars to gain control of the group.
The entry of the new owners will involve the total output of the group Elevation Partners, founded by U2 singer Bono, and that eight years ago had the 45% of the company.