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Forbes Media puts Investopedia on the block, announces Maidment’s resignation

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New York—Forbes Media announced that it has put on the market Investopedia, the company’s financial education web site. Investopedia, which Forbes acquired in 2007, is a financial dictionary that has more than 9,000 terms.

Forbes Media said in a press release that the move is “part of a larger strategy shift for Forbes Digital.” Forbes has retained media investment bank Jordan, Edmiston Group to handle the marketing of Investopedia.

Separately, Paul Maidment, co-editor of Forbes, announced Monday that he will be leaving the company. “This is the right moment to make the break and take the plunge,” Maidment wrote in a memo to his staff. “I am proud of what we achieved at Forbes.com.”

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