The deal brings to an end almost 100 years of ownership by the Forbes family.
"The best evidence of their commitment to what we stand for is their insistence on the continued involvement of the Forbes family, the current management and our highly talented editorial team. I will remain deeply involved in the future of the company."
continue to serve as chairman and editor in chief.
Forbes Media has sold a majority stake in its company to a Hong Kong based group of international investors for an undisclosed sum.
mission of championing entrepreneurship and free market capitalism through quality, independent business journalism," Steve Forbes said in a statement.
The buyer is a consortium out of Hong Kong called Nike Metcon 2 Integrated Whale Media Investments led by Tak Cheung Yam, chairman of Integrated Asset Management and Singapore based Wayne Hsieh, co founder of Asustek Computer.
In a statement to Nike Metcon Xds
shareholders, the company said the family will retain a interest in the company and that Steve Forbes will Nike Kyrie Game 7
Forbes Media sold to Hong Kong Group
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