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 […]
MLex seeks a senior M&A reporter
Founded in 2005, MLex is an innovative news-media organization providing exclusive market insight, analysis and commentary on regulatory risk. MLex’s coverage spans the world’s foremost regulators in the US, Europe, Asia and Latin America, offering up-to-the-minute coverage of regulatory threats and opportunities. MLex employs an investigative journalistic approach and forensic coverage of cases via an […]
“The Closer” podcast to focus on deals
A new podcast called “The Closer” is coming next month that will focus on important deals and their impact. The podcast, which will start Feb. 6, will be hosted by Aimee Keane, a former Financial Times journalist who was the founding executive producer and host of the FT’s first narrative business podcast, “Behind the Money.” […]
Bloomberg seeks a deals reporter
Bloomberg News seeks a collaborative reporter to cover the dynamic world of activist investing. We’re looking for someone who is calm under pressure in an exciting and hyper-competitive beat. The reporter will have responsibility for overseeing our breaking news coverage on activist investors and the impact they have on companies and the board room, including […]
Teichert hired as North America ME for Mergermarket, Dealreporter parent
Erica Teichert has joined ION Analytics to lead a team of reporters and editors and develop coverage for its mergers and acquisitions-focused news sites, including Mergermarket, Dealreporter, Activistmonitor and PaRR. She will manage the North America team for the global brands. Teichert previously served as the director of audience for New York Daily News. Before […]
Bidder for Forbes has ties to Russia, Putin
One of the investors in talks to acquire Forbes is SUN Group, a corporation with 58 years of experience working closely with Russia and that frequently flaunts its close ties to the Kremlin and Russian President Vladimir Putin, reports James Marks of RealClearPolicy.com. Marks reports, “A review of public records and news reports reveals that India-based SUN […]
MacObserver.com, Apple news website, sold to Reflector Media
Reflector Media has acquired MacObserver.com, a U.S. digital tech publication that covers Apple products and services, for an undisclosed amount, reports Ray Schultz of Publishers daily. Schultz reports, “Founded by David Hamilton and Bryan Chaffin in 1998 when Mac OS 8 was released and the iMac was growing in popularity, MacObserver has a wide audience of Apple podcast listeners. “Romania-based Reflector Media […]
FT hires Levingston to cover European deals
The Financial Times has hired Ivan Levingston to cover European mergers and acquisitions. Levingston previously was a Bloomberg News reporter based in London covering European technology. He previously was based in Israel covering economics and government stories for the news service. Levingston has been at Bloomberg since June 2017, first as an intern in the Boston bureau and for a year […]
