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Forbes enters into advanced talks with investor group for sale of business
short by Bhawana Chaudhary / on Thursday, 10 November, 2022
Forbes CEO Mike Federle confirmed that the company is in advanced talks to sell itself to a group of investors. Forbes had been seeking at least $800 million in a sale, but final price would likely be less, The New York Times reported. The move comes months after the publisher pulled out of a deal to go public.
read more at Reuters