Forbes Media LLC is in exclusive talks to be acquired by a group led by Michael Moe’s GSV Asset Management. The deal would be worth about $650 million, Reuters reports.
The acquisition is not yet final but GSV has just about a month to reach an agreement with Forbes before the exclusivity period expires.
“We have no comment, but investors have consistently shown interest in Forbes, which has produced three years of record results,” Forbes spokesman Matthew Hutchison said in a statement. “2021 is shaping up to be a strong year as well.”
GSV has yet to comment.