As someone once said: Bwa ha ha ha!
From TalkingBizNews, February 8:
A pitch deck from India-based Sun Group is trying to lure tech billionaires and Hollywood types to join its bid for Forbes, which values the firm at $800 million, reports Sara Fischer of Axios.
Fischer reports, “In the deck described to Axios by sources pitched on the opportunity, the investor group argues that Forbes — which it values at roughly $800 million today — could one day be worth billions across three new business lines.
- Forbes Valley, a business segment based on the idea that the company will be able to make more money from Forbes’ digital audience through things like e-commerce and recommendations, could be worth $4 billion by 2028, it argues. Forbes currently owns 40% of a recommendations business called Forbes Marketplace that investors think will grow to nearly $400 million in revenue by 2027....
....MUCH MORE
Some previous go-rounds on Forbes' valuation:
January 2014
Is Forbes Past Its Peak? Financial documents being shown to potential buyers raise questions about its future growth.
July 2014
How Forbes Got to a $475 Million Valuation
September 2014
The Deal for Forbes Is Finalized, Bono Is Out and What it Means for the Future of Journalism
April 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.....
ICYMI—"Forbes Going Public In SPAC Deal That Values Century-Old Brand At $630 Million" (FRBS)
The SPAC deal fell apart. So here we are.
