Stake in The Economist is for sale

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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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.