Forbes Sues Integrated Whale Over Default, Corporate Abuse Allegations – ValueWalk Premium
Forbes Logo

Forbes Sues Integrated Whale Over Default, Corporate Abuse Allegations

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.


Forbes Media sold . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The top investors are reading ValuewalkPremium.

Click here to learn why

0