Consortium’s proposed acquisition of Forbes under scrutiny over Russia, China ties - News Summed Up

Consortium’s proposed acquisition of Forbes under scrutiny over Russia, China ties


The story was first reported by Politico which also published a copy of Mr. Treverton’s letter. (The Hindu has not independently verified that Mr. Treverton wrote the letter). In the letter, Mr. Treverton cites the influence Forbes has on U.S. Millennials and Gen Z voters — and the ability to manipulate views to swing elections, particularly in tightly contested States. The letter describes possible paths through which the Chinese and Russian governments could exert pressure on the Sun Group and Mr. Russell. In a separate letter, Republican Senators Tom Cotton and Marco Rubio wrote to U.S. Treasury Secretary Janet Yellen on August 9 asking her to review the proposed acquisition of Forbes.


Source: Forbes August 11, 2023 13:53 UTC



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