Bulk of Forbes purchase coming from foreign investors
The majority stake buyout of Forbes announced last week will be funded primarily from foreign investors, as Austin Russell, the 28-year-old American CEO of electric vehicle tech company Luminar Technologies, plans to put in only $10 million, reports Sara Fischer of Axios. Fischer reports, “The relatively small personal financial commitment from Russell supports Axios’ previous reporting that the […]
Forbes deal funding coming from foreign investors
The acquisition of Forbes is being primarily funded by foreign investors, reports Sara Fischer of Axios. Fischer reports, “The deal structure has the effect of obfuscating how much money foreign groups may put in, which could help alleviate any regulatory concerns. Forbes was ready to sell to the group of mostly foreign investors in March. But management […]
Luminar Technologies CEO buys controlling stake in Forbes
Austin Russell, the CEO of electric vehicle technology company Luminar Technologies, has acquired an 82% stake in Forbes, reports Sara Fischer of Axios. Fischer reports, “In a statement, Forbes confirmed that Russell had acquired an 82% majority stake in the firm. “A source said that the transaction valued the company at $800 million, which is what the […]
Forbes seeks an editor for explainers and trends
Forbes believes in the power of entrepreneurial capitalism and uses it on various platforms to ignite the conversations that drive systemic change in business, culture and society. We celebrate success and are committed to using our megaphone to drive diversity, equity and inclusion. Forbes is looking for an experienced editor who can help build and […]
Forbes seeks an associate editor for platforms and curation
Forbes is seeking an editor to fill a vital role in our newsroom helping to curate, elevate, and spark ideas for our journalism. This role will work closely with the news desk and social media team to identify and promote our best journalism across owned and third-party platforms. The editor will also pay close attention […]
ForbesBLK to cover Black business, hold events
Forbes magazine announced on Tuesday that it was launching ForbesBLK to cover Black entrepreneurs and hold events. The editorial content will include new lists, profiles, content strategies and a new newsletter. Forbes also hired a full-time community manager, Ayisha Mendez, who will help guide the platform and foster community with its members. “Forbes will continue to […]
Forbes seeks a staff writer, newsletters
Forbes is hiring an enterprising journalist to join its newsletters team as the lead writer of its flagship newsletter, sent weekdays. Forbes’ email products are key to its subscription-forward business model, and this role is part of a growing team that works with every corner of the newsroom. This writer will shape a key product […]
Lead investor in bid to purchase Forbes is dropped
The consortium of investors looking to acquire Forbes has removed Sun Group as lead investor in the bid over concerns with the Indian investor group’s ties to Russia, reports Sara Fischer of Axios. Fischer reports, “Sun Group’s deep connections with Russia have raised concerns about the deal’s ability to clear U.S. regulatory review. Forbes hoped to close the $800 […]
The problem with the Forbes 30 under 30 list
Arwa Mahdawi of The Guardian writes about the Forbes 30 under 30 lists and why a number of the participants get arrested and in trouble with the law. Mahdawi writes, “‘The Forbes 30 Under 30 have collectively raised $5.3B in funding,’ the tech entrepreneur Chris Bakke tweeted on Tuesday. ‘The Forbes 30 Under 30 have […]
Forbes hires Bohannon for breaking news desk
Forbes has hired Molly Bohannon as a reporter on its breaking news desk. She will start later this month. Bohannon is currently a watchdog reporter at the Fort Collins Coloradoan, where she cover the City of Fort Collins and Colorado State University. Prior to the city beat, she covered K-12 education and Colorado Sate University, which included […]
