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Forbes Media to sell majority stake

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Friday, July 18, 2014

NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.

The terms were not disclosed, but the transaction values Forbes Media at $475 million, said a person close to the deal.

Forbes’s new controlling shareholders will be Integrated Whale Media Investments, a group that includes the Hong Kong investor Tak Cheung Yam and Wayne Hsieh, the Singaporean co-founder of Asustek Computer.

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