Details such as what Forbes is worth or when such a deal will take place have not yet been disclosed. A report by the New York Times, which was the first to report the news, states that Forbes is seeking to sell at a price of at least $630 million.
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In recent weeks, an offering document outlining Forbes’ financials, prepared by Citi, was distributed to companies in the communications sector. Forbes generated more than $200 million in revenue and more than $40 million in profit in 2021, the report said. In June, Forbes sought to end its $630 million deal with former Point72 executive Jonathan Lin to head the specialty buyout firm , Magnum Opus, to go public.
