Forbes Media to Sell Majority Stake to Group of International Investors

The publisher's family 'will retain a significant ownership stake'

Forbes Media LLC announced today that it has agreed to sell a majority stake in the company to a group of international investors.

The Forbes family "will retain a significant ownership stake" and "stay actively involved in Forbes Media," working with the investment group to increase market share of existing Forbes properties and on brand extensions.

The terms of the transaction were not disclosed, but the primary investment group is Integrated Whale Media Investments (IWM), an international investment group led by Integrated Asset Management (Asia) Limited (IAM), "a Hong Kong-based investment company primarily engaged in public and private equity investments" founded by Tak Cheung Yam.

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