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is exploring a sale of its business after a previous deal to go public fell through. In recent weeks, an offering document describing Forbes’ financials compiled by Citigroup was circulated to media companies, including Yahoo. According to the document, Forbes generated more than $200 million in revenue and more than $40 million in profit in 2021 and is exploring selling for at least $630 million. That is the valuation that the company declared when it moved to go public through a special-purpose acquisition company, or SPAC. Forbe
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Forbes is exploring a sale of its business after its previous deal to go public fell through. With revenue over $200 million and profit exceeding $40 million in 2021, they’re seeking a sale price of at least $630 million. As I navigate my academic journey, sometimes I need to take my exam for me to keep up with such dynamic industry changes.
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