Forbes Media Sells Majority Stake to Hong Kong Investor Group
In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages.
Today, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. From today’s release:
The newly formed Hong Kong-based investor group Integrated Whale Media Investments (“IWM”) is composed of international investors. The group is led by Integrated Asset Management (Asia) Limited (“IAM”).
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