British philanthropist and investor Lynn Forester de Rothschild has put her family’s entire 26.7% stake in The Economist up for sale, reports Sara Fischer of Axios.
Fischer reports, “Rothschild’s stake includes around 20% in voting shares, which is the cap for any single owner in the business.
“The sellers anticipate the family’s full stake to be valued at up to £400 million, or $537 million, according to people familiar with the deal.
“At the high end, the stake sale could value the entire Economist Group at roughly £800 million, or around $1.1 billion, a source said.
“The last major transaction involving The Economist in 2015 valued the entire company at roughly £1.1 billion, or around $1.5 billion.”
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