Thursday, April 29, 2021

Media: "Forbes considers SPAC, and investor bid for $700 million"

 I don't think anyone who follows business media would put a penny into Forbes Magazine.

Under current editorship it has become something of a garbage property. And although Steve Forbes is head of the parent Forbes Media, he sure as heck is not his father.

From TalkingBizNews:

Forbes Media is in talks to go public through a merger with a special purpose acquisition company as it attracts acquisition interest, including an offer for $700 million, according to a Reuters report.

Joshua Franklin, Echo Wang and Krystal Hu of Reuters report, “Forbes’ owner is also fielding offers from bidders including investment vehicle Borderless Services Inc, which has bid $700 million, and from a consortium led by tech investor Michael Moe, the sources said. Both of these bids would result in Forbes remaining a privately held company....