Forbes Nears Deal With Investor Group for Under $800 Million

The group of bidders includes investors from the United States and overseas, a company spokesman said. Forbes is in advanced talks to sell itself to a group of investors, a company spokesman said, approaching a deal that would bring the chronicler of the wealthy and powerful under new ownership.

Forbes had been seeking at least $800 million in a sale, but the final price will most likely be below that, according to two people familiar with the matter. The group of bidders includes investors from the United States and overseas, said Bill Hankes, the spokesman, on Wednesday.

Source: https://www.nytimes.com/2022/11/09/business/forbes-investor-group.html