Integrated Whale Media

Owner
Stakeholder

Name

Integrated Whale Media

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Company

Positions

Forbes to be Acquired by Entrepreneur and Philanthropist Austin Russell

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

There has been tension between IWM and the Forbes family. Members of the family still sit on Forbes' board.

Members of Forbes' leadership, including those from the Forbes family, were more interested in a private buyout from a bid led by investment firm GSV.

Investor group in exclusive talks to acquire Forbes for $650 million

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.

Forbes Nears Deal With Investor Group for Under $800 Million

Shareholding percentage

95%

Tags

Integrated Whale Media Investments, the current owner of Forbes

Topics

Forbes takeover attempts

Referenced by

Attempted Forbes takeover by Austin Russell

News