×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

New group of Forbes investors includes U2’s Bono

Published on .

New York—In a move that changes the dynamic of one of the oldest family-run publishing companies, Forbes announced Friday that it has sold a significant minority stake in a newly formed company, Forbes Media, to Elevation Partners, a private equity firm. Financial terms were not disclosed, but the investment was reportedly pegged at more than 40%, at a cost of $250 million to $300 million. Forbes Media includes the 89-year-old Forbes, Forbes.com and several other media properties. Among the new owners of Forbes Media is Bono, who is the lead singer for the rock group U2 and one of six partners in Elevation.

Most Popular
In this article: