A deal to sell Forbes magazine and its operations to a group of investors would be for $800 million and include an Indian-based investor, reports Kia Kokalitcheva and Sara Fischer of Axios.
Kokalitcheva and Fischer write, “The Forbes bidding consortium includes SUN Group, a family-owned Indian investment firm led by vice chairman Shiv Khemka, and GSV Ventures, a U.S. based investment firm, according to a source familiar with the matter.
- The source said that the deal values Forbes at around $800 million.
- The consortium may also include other family offices and investment firms, sources tell Axios.
- SUN Group has been in talks with Forbes about a potential deal for years, sources say.
- Last winter, GSV pursued an offer for Forbes with a consortium of top family offices and institutional investors, Axios previously reported.”
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