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Austin Russell failed to acquire a majority stake in Forbes in an $800m deal.

Financials

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Transaction Value£640m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Domestic

Majority

Private

Friendly

Publishing

United States

business information

Acquisition

Failed

Synopsis

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Entrepreneur and philanthropist Austin Russell failed to acquire a majority stake in Forbes Media, a media, branding and technology company, in an $800m deal. “We welcome Austin Russell. He is a dynamic entrepreneur and thought leader who has built an industry-leading business from the ground up. His energy and vision will enable Forbes to continue and enhance the excellent work for which we are known,” Steve Forbes, Forbes Chairman and Editor-in-Chief.

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