Dear MEL School’s
Topic Readers,
Forbes Media sold
to Chinese group Integrated Whale
The American publisher
with 97-year history is famous for its lists of world richest companies and
persons. They’ve been doing well in their own businesses but have decided to
bring in external cash and control ship to grow in the global market. The owner
family is going to sell a majority of the privately-held shares to Chinese
investing company. It seems that numbers of American assets and business
opportunities are targeted by cash-rich Chinese companies these days, which may
remind you of the buying spree by Japanese companies in the late 1980s.
Within a decade,
not only the majority of the stake of the listing company but also the lists
might be occupied by Chinese companies.
Enjoy reading and
learning about this latest sell off of the American iconic publisher.
No comments:
Post a Comment