The US-based Forbes Media – owned since 2014 by a group of Asian investors called Integrated Whale Media – is in talks to sell to a new consortium of investors led by the GSV investment bank. Forbes magazine was founded in 2017 and is now a bi-monthly publication, still renowned for its listing of Richest Americans. Integrated Whale Media reportedly paid $475m in 2014 and the company claims that it has achieved strong results in the last three years, with 2020 being a particular highlight – and the majority of revenues being digital. The proposed deal is thought to value Forbes at around $650m which might be considered a surprising premium to its 2014 price.
Forbes ‘being sold for $650m’
