The Forbes family is moving out, striking a deal to sell a - TopicsExpress

The Forbes family is moving out, striking a deal to sell a majority stake in Forbes Media to investors in Hong Kong for a reported $300 million. The Forbes family has owned the company for almost 100 years, maintaining ownership when many other big-name media families either merged or sold their stakes. So now the same Forbes name that’s become a symbol of American wealth (thanks in part to its lists of rich people) is going to China. -- American capitalism is so great that Communist China can buy it all?

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