Forbes chief executive officer Mike Federle sent out the following on Tuesday:
Hi everyone –
I wanted to give you a quick update that we have entered into exclusive discussions with an interested buyer for Forbes. This is very early in a process which could take months to complete, so I’m limited in the level of detail I can offer at this point.
The potential acquirer is a consortium of family offices and global investors that is strategically aligned with the Forbes executive team and our goals for growing the company. As we’ve discussed, this is an exciting time to be at Forbes, and the continued investment interest we’ve seen in our company is a testament to the entrepreneurial spirit, hard work, and results that this team consistently delivers.
I will look forward to sharing more details when I’m able to do so.