Date
18 August 2017

Fosun among bidders for Forbes Media, report says

Six bidders, including China’s Fosun International (00656.HK), are now said to remain in the fray for acquisition of New York-based Forbes Media LLC, which publishes the business magazine Forbes, Tencent Finance portal reported Wednesday, citing a source familiar with the matter. The list has shrunk, given that there were reported to be 18 interested parties for the US media group in November last year. The other five left in the fray are G2 Whale Capital Group, Singapore-based Spice Global Pvt. Ltd. and Oxley Group, Germany’s Axel Springer SE, and an investment group led by president of Forbes Conferences Jack Laschever, the report said. The highest bid price is said to be US$475 million. The second round of bidding is scheduled this month, the report said.

– Contact HKEJ [email protected]

TL/AC/RC

 

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