Forbes Media Is Working With Bankers to Sell Company
Posted: 11/15/2013 | By: Alex Sherman, Jeffrey McCracken & Edmund Lee | Bloomberg
Forbes Media LLC, the closely held publisher run by former U.S presidential candidate Steve Forbes, is exploring a sale after getting interest from potential buyers.
The New York-based publisher of 96-year-old Forbes magazine and Forbes.com is working with Deutsche Bank AG on the sale, according to a memo sent to the company’s employees. Forbes is seeking at least $400 million, said a person familiar with the matter who asked not to be identified as the information is private.