$ 470 million, Chinese businessman bought the Forbes-Forbes, Forbes-IT information $ 470 million, Chinese businessman bought the Forbes magazine

Announced that the world's richest people ranking every year the famous financial magazine Forbes (Forbes) sell, offer two Chinese businessmen.

Local time on July 18, Forbes magazine Forbes Media Group, the parent company announced that it had agreed to a Hong Kong consortium to sell a majority stake in hopes the acceleration of global business development. Forbes Media Group did not disclose details of the deal, but Reuters quoted people familiar with the matter said, trading was about $ 475 million, is expected to be completed by the end of it.

Chairman and editor-in-chief Steve Forbes of Forbes magazine (Steve Forbes) 18th, said in an interview, Forbes media was controlled by a new investor, "majority" shares. When asked what "most" shares exactly how much, Forbes replied: "for me, most are more than 51%. ”

Integrated Whale Media Investments of buyers claim to be a "newly established Hong Kong International investment group". Statistics show that the consortium by focusing on Science and technology, finance and Telecom investment in the field of Integrated Asset Management (Asia) Ltd., and Asustek computer (2357.TW) composed of co-founder Xie Weiqi. Integrated Asset Management (Asia) Ltd., namely the Department of asset management (Asia) limited and its founder, Ren Dezhang (Tak Cheung Yam), is a Hong Kong knitwear manufacturing Warburg Group (01152. HK), former Chairman, is also one of the company founders.

Forbes Media Group's assets, including Forbes, Forbes Asia and three magazine, Forbes and Forbes.com. After the sale is complete, the family will retain a minority stake, which previously shared Forbes Media Group private-equity firm Elevation Partners LP will get out. Elevation Partners LP in 2006 with a $ 264 million acquisition of Forbes Media LLC 45% stake in Forbes Media Group, U2 frontman Bono was one of the founders of the Fund.

By B.C. Forbes was founded in 1917, Forbes Media has been closely controlled by their descendants, his grandson, a 67-year old shidiwen·fubusi (Steve Forbes) is now Chairman of the Board of Directors, is also the editor of Forbes magazine.

It is reported that the group will not be renamed, and maintain headquarters in United States private, independent firm of location. Ren Dezhang (Tak Cheung Yam) said in a press release, his group will take place in the Forbes brand, history, family involvement, and invest in management teams and other plates. Steve Forbes will remain Chairman and editor-in-Chief of the post, CEO, Maike·peilisi (Mike Perlis) group will also continue to lead the Group's management team.

Ren Dezhang also said that "in view of the tremendous growth in digital media in the past decade, Forbes Media's future plans include more of the Internet and social media expansion plans. ”

Forbes Media Group, parent company of Forbes Inc. beginning in November 2013 seek to sell its media business, offers between $ 400 million to $ 500 million. Group 2013 magazine ad revenues fell 5% to $ 260 million, ad pages fell 10%, but the Group pointed out that the financial situation for the past 6 years the best last year, is also profitable.

Earlier reports said the fall of 2013, as part of time Warner's time Inc, has proposed a $ 175 million acquisition by Forbes. By the year 2014, while Forbes raised the price, but some potential buyers, like Germany publishers Axel Springer and China's fosun international holding company did not take kindly to this.

According to a Dow Jones report, enterprises, including China's fosun international private bidders (00656. HK), began in April 2009, the Chinese version of Forbes by a subsidiary of fosun media publishing.