The deal by Asian investors to acquire Forbes Media has closed, writes Keith Kelly.
Kelly writes, “The Asian investors who are taking over a majority stake in Forbes Media finalized the deal last Friday, officially ending 97 years of family control — but so far the new owners are staying away and leaving their new possession in the hands of current management.
“CEO Mike Perlis, who is being retained, told staffers on Monday that he will hold a Town Hall meeting on Oct. 8 after flying to Hong Kong this week to meet the new owners, including Tak Cheung Yam, head of a diversified holding company, Integrated Asset Management, and Wayne Hsieh, co-founder of ASUSTek, a Singapore-based computer vendor.
“As announced with agreement in mid July, the Forbes family, which has controlled the firm since its founding by B.C. Forbes in 1917, is retaining a minority stake that sources say is 20 percent.”
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