Forbes Media Puts Itself Up for Sale With $400 Million Price Tag

By: Ed Hammond | Irish Times

Forbes Media, the publisher of the eponymous business magazine, has put itself up for sale for close to $400 million after receiving interest from potential buyers.

In a memo to staff yesterday, Mike Perlis, Forbes’ chief executive, said the company had received “more than a few” expressions of interest from potential suitors, adding that “the frequency and serious nature of these overtures have brought us to a decision point”.