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7/30/2014

Topic Reading-Vol.840 7/30/2014

Dear MEL School’s Topic Readers,
Forbes Media sold to Chinese group Integrated Whale
The American publisher with 97-year history is famous for its lists of world richest companies and persons. They’ve been doing well in their own businesses but have decided to bring in external cash and control ship to grow in the global market. The owner family is going to sell a majority of the privately-held shares to Chinese investing company. It seems that numbers of American assets and business opportunities are targeted by cash-rich Chinese companies these days, which may remind you of the buying spree by Japanese companies in the late 1980s.
Within a decade, not only the majority of the stake of the listing company but also the lists might be occupied by Chinese companies.
Enjoy reading and learning about this latest sell off of the American iconic publisher.

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