Fortune magazine sold to Thai businessman for ₹1,090 crore

US publisher Meredith Corporation has agreed to sell Fortune magazine and its related businesses to Thai businessman Chatchaval Jiaravanon for $150 million (₹1,090 crore). An owner of the Charoen Pokphand Group conglomerate, Jiaravanon will own Fortune in a personal capacity. In September, Meredith sold Time magazine to billionaire Marc Benioff and his wife, Lynne, for $190 million.