Steve Forbes

Forbes Media to Sell Majority Stake to Group of International Investors

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

Forbes Media Explores Sale

Forbes Media LLC is exploring a sale of the 96-year-old media company. CEO Mike Perlis announced the news in a memo to employees today saying that as a result of the company having its best financial performance in six years, the company has gotten “more than a few” indications of interest. Deutsche Bank is handling the process.

‘Fortune’ Details Big Financial Problems at ‘Forbes’

In a new article, Fortune reveals the details behind the financial troubles of its rival, Forbes. According to internal documents obtained by Fortune, Forbes’ finances have been even worse than most had estimated.