Forbes Media Explores Sale
Forbes Media has hired Deutsche Bank to represent it for a potential sale. According to Bloomberg News, the company wants at least $400 million for the 96 year old magazine and its site.
Mike Perlis, Forbes Media’s CEO, told staffers that the company had already received offers, and expects many more:
As a result of your tremendous work, we have received more than a few “over the transom” indications of interest to buy Forbes Media. The frequency and serious nature of these overtures have brought us to a decision point.
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