Forbes Sues Integrated Whale Over Default, Corporate Abuse AllegationsMani
Forbes Media is suing Integrated Whale Media Investment, alleging that the Hong Kong investment firm had borrowed from the Forbes family to finance part of last year’s majority stake sale and defaulted under the terms of their agreement.
Interestingly, last year when Forbes Media agreed to sell the majority stake to Integrated Whale, Steve Forbes, the chairman and editor in chief, said he got nearly everything he wanted out of the deal.
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