Forbes explores sale, hires Citigroup as banker


Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup (C.N) to manage the process, months after it pulled out of a deal to go public through a special purpose acquisition company (SPAC).

"There were many interested parties, so we moved forward with a formal sale process and Citigroup was hired to manage this process," a Forbes spokesperson said in an emailed response.

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