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

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.