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PostPosted: Sat Nov 10, 2018 2:15 pm 
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Fortune Magazine Sold to Thai Businessman for $150 Million

Meredith inked a deal to sell the Fortune business-media brand for $150 million in cash to Thai businessman Chatchaval Jiaravanon.

The deal, subject to regulatory approval, is expected to close by the end of 2018. The sale of the 88-year-old Fortune brand comes after Meredith on Oct. 31 closed on the sale of Time to Salesforce founder Marc Benioff and his wife, Lynne Benioff, for $190 million.

https://variety.com/2018/biz/news/fortu ... 203024306/


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