Luminar Technologies CEO Austin Russell is buying a majority stake in Forbes Global Media Holdings. That stake includes the remaining portion of the company owned by the Forbes family, the statement said. Forbes' Hong Kong-based parent IWM will retain a minority stake in the company and also keep one board seat. Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, will remain involved in the company. GET FOX BUSINESS ON THE GO BY CLICKING HEREPARAMOUNT EXPLORES SALE OF MAJORITY STAKE IN NOGGIN STREAMING SERVICEForbes' flagship magazine reaches five million readers.

Source: Forbes May 13, 2023 06:57 UTC