'Forbes' Exploring Sale

Forbes is again mulling a sale following the collapse of a deal to sell to a special-purpose acquisition company (SPAC), according to The New York Times. The company would also have gone public as a result of that sale. 

The company is seeking at least $630 million. A document circulated by Citigroup, which is managing the effort, shows the pub generated more than $200 million in revenue and over $40 million in profit in 2021, per the Times

Forbes spokesperson emailed Reuters that there were “many interested parties, so we moved forward with a formal sale process and Citigroup was hired to manage this process.”



1 comment about "'Forbes' Exploring Sale".
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  1. Ed Papazian from Media Dynamics Inc, August 4, 2022 at 7:19 a.m.

    And the beat goes on-------

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