No One Wants to Buy Forbes
No one, it seems, wants to buy Forbes. According to Bloomberg News, one potential frontrunner to purchase the company is officially out, and two other bidders are no longer engaged in active talks.
It has been about six months since Forbes started fetching offers, but nothing has moved beyond preliminary discussions. China’s Fosun International — publisher of Forbes China — was considered the leader to buy Forbes, but they’re out. Two other companies — Singapore’s Spice Global Investments and Germany’s Axel Springer — have also ended discussions.
We
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in