Private investors plot Forbes buyout

  • Article

Name

Private investors plot Forbes buyout

Description

Axios has learned that an investment firm named GSV led by Michael Moe, is working on a bid to buy Forbes Media at a $620 million valuation as an alternative to Forbes' announced SPAC merger, .

Types

Article

Authors

Sara Fischer

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Publish date

12

Month
/

21

Day
/

2021

Year

12

:

00

am

Publisher

Axios

Tags

Integrated Whale Media Investments, the current owner of Forbes
Axios coverage on Forbes acquisition attempts

Topics

Forbes takeover attempts

Web URL

https://www.axios.com/2021/12/21/gsv-forbes-buyout-spac

Referenced by

The bid is led by GSV Asset Management CEO Michael Moe, with participation from "top family offices and institutional investors,"

News

Claim

Dynamic between Yam and Steve Forbes, the media company's chairman and former CEO, has been on shaky ground for years and that there's been friction between the two when it comes to deals.

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Claim

Forbes, which launched in 1917, was family owned until 2014, when the Forbes family sold a 95% stake to Chinese investment group called Integrated Whale Media. The deal reportedly valued Forbes at $475 million

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