Forbes' stock sale

On July 201April 8, Forbes Media, the parent company and publisher of Forbes magazine, announced that it would sell most of its shares to an investment group composed of international investors. According to a statement, an investment group composed of international investors will acquire most of the shares of the company, but the Forbes family will continue to hold some shares, actively participate in the operation of Forbes Media, and cooperate with investors to further increase the market share of Forbes Media's current product line.

After the transaction is completed, Elevation Partners, the current investor of Forbes Media, will completely quit Forbes Media and no longer hold any shares in it. Forbes Media predicts that the transaction will be completed before the end of 20 14. Forbes media did not disclose the transaction amount, but the US Consumer News and Business Channel subsequently quoted people familiar with the matter as saying that the transaction amount was $475 million. The newly established international investor group is called "Integrated Whale Media Investment" and is headquartered in Hong Kong. The investment group consists of international investors, including Integrated Asset Management (Asia) Limited.

According to the news, the buyer's Hong Kong consortium is newly established Integrated Whale Media Investments, which is composed of Integrated Asset Management (Asia) Ltd. and Xie Weiqi, co-founder of ASUS Computer (TPE:2357), focusing on investment in the fields of technology, finance and telecommunications. Integrated Asset Management (Asia) Co., Ltd. Benhui Asset Management (Asia) Co., Ltd. was founded by the former chairman of Tuanfenglin Group (1 152). HK), a Hong Kong knitwear manufacturer, is one of the founders of the company.