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tak cheung yam

July 21, 2014

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership. 

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership.

According to a statement released on Friday, the Forbes family will maintain a “significant stake” in the firm, while newly formed Integrated Whale Media Investments will assume control for an undisclosed figure.

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