Forbes acquisition could fetch $800 million

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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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.