Forbes Holdings intends to decide final investor allocations for closing in the coming weeks. This transaction will enable the development of a new business venture ecosystem alongside Forbes Media, leveraging the iconic Forbes brand. Steve Forbes will remain involved with Forbes Media, which will continue to be led by the existing management team. About Forbes HoldingsForbes Holdings is an entity formed by Austin Russell’s family office for the purpose of acquiring Forbes today. Mr. Russell was also a recipient of the Thiel Fellowship, MIT Tech Review Innovators Under 35, and Forbes 30 under 30 alumni.

Source: Forbes September 19, 2023 18:04 UTC