Forbes settles long-running takeover dispute

Forbes settles long-running takeover dispute

The legal dispute between the Forbes family and Integrated Whale Media (IWM) has been settled through an out-of-court agreement. The dispute originated in October 2015 when Integrated Whale Media (IWM), the Hong Kong-based company that acquired 95% of Forbes, failed to make a $40,000 interest payment that was due as part of the $415 million acquisition agreement.