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.
A 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.”
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