Youngstown business journal sold to new owners
The Business Journal in Youngstown, Ohio, has been sold to Sapientia Ventures, a local investment group, for an undisclosed amount. A story on its website states, “Former majority owner Andrea Wood, who co-founded the company in 1984, will stay on as president and publisher. Michael Moliterno, chief operating officer, remains a minority shareholder. “‘Readers, advertisers […]
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 […]
Bloomberg M&A reporter Hammond joining opinion
Ed Hammond, who has been covering mergers and acquisitions for Bloomberg News for more than eight years, is joining the organization’s opinion section. A multiple award-winner in Europe and the United States, Hammond has received awards from bodies including the National Press Club, the Foreign Press Association, and the Society of Editors and Publishers. Hammond […]
Bloomberg seeks a deals reporter
Bloomberg News seeks a collaborative and scoop-hungry reporter to cover the dynamic world of initial public offerings (IPO) in equity capital markets (ECM), including spinoffs, direct listings, capital increases and deals involving special-purpose acquisition companies. Candidates should have a proven ability to develop sourcing and break news. We’re looking for someone who is calm under […]
CoinMarketCap acquisition of CoinDesk now on hold
CoinMarketCap’s acquisition of cryptocurrency news site CoinDesk is on hold, reports Jon Rice of Blockworks. Binance Capital Management is the majority owner of CoinMarketCap Rice reports, “One source told Blockworks last month that initial talks between CoinDesk and Binance broke down, as the exchange anticipated a mass exodus of journalists from the news company if it became […]
The Deal hires Tejani to cover financial services deals
The Deal has hired Quratulain Tejani as a reporter covering deals in the financial services and fintech sectors. Tejani had been interning with the New York Post business section. She also interned for Barron’s Advisor during 2022. She was also an environmental justice reporting fellow for InsideClimate News. Tejani holds a master’s degree from New […]
Bloomberg taps Tse to cover activists
Matthew Monks, team leader for U.S. deals coverage at Bloomberg News, sent out the following on Friday: We are super psyched to announce that Crystal Tse will be taking over as the Bloomberg Deals activism reporter in the US. It’s a big job and Crystal is more than up for it, having broken news on everything […]
Foreign ownership concerns hurting Forbes deal
Fear of U.S. government scrutiny is holding up a deal to sell Forbes to a foreign buyer, leaving the company scrambling to find U.S. investors, report Ben Smith and Liz Hoffman of Semafor. Smith and Hoffman report, “Shiv Khemka, an Indian billionaire whose fortune was amassed over decades living in Russia, has been leading the purchase of the iconic, […]
Pitch values Forbes at $800M with $285M in revenue
A pitch deck from India-based Sun Group is trying to lure tech billionaires and Hollywood types to join its bid for Forbes, which values the firm at $800 million, reports Sara Fischer of Axios. Fischer reports, “In the deck described to Axios by sources pitched on the opportunity, the investor group argues that Forbes — […]
Parent of tech sites The Verge and Recode gets investment
Vox Media, the parent of tech news sites The Verge and Recode, has received a $100 million investment from Penske Media, reports Benjamin Mullin and Katherine Rosman of The New York Times. Mullin and Rosman report, “In addition to raising funds, Vox Media has met with other media companies to discuss potential acquisitions or sales of some of […]
