China’s Fosun in Bid For Forbes

HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists.

Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times.

The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine.

Bids may run to some $475 million, and the Wall Street Journal reports that Fosun may bid in partnership with another firm called G2 Whale Capital.

Fosun has a wide range of investments spanning industrial, pharmaceutical and media sectors. It recently bought Portuguese insurer Caixa Seguros and is also said to be nearing a deal for travel group Club Med.

Its media interests include a 6% stake, bought last September, in NASDAQ-listed mainland Chinese producer-distributor Bona Film Group.

Earlier this month it emerged that another Chinese billionaire Chen Guangbiao is having a tilt at buying the New York Times from its family owners.

More Biz

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

  • Johnny Depp

    Johnny Depp Settles Feud With Former Managers

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

  • Ed Sheeran Shape of You

    Ed Sheeran Tops Pollstar’s Mid-Year Touring Charts as Industry Soars to Record Gross

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

  • Lantern Capitol

    Weinstein Co. Closes $289 Million Sale to Lantern Capital

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

  • BMG to Relaunch ‘Live from Daryl’s

    ‘Live from Daryl’s House’ to Relaunch in the Fall Via BMG Partnership (EXCLUSIVE)

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    HONG KONG — Diversified Chinese investment group Fosun is among the bidders for Forbes, the magazine publisher best known for its Rich Lists. Fosun is one of six candidates shortlisted by the family controlled Forbes group’s bankers, according to the Financial Times. The Hong Kong-stock market-listed Fosun publishes the Chinese version of the magazine. Bids […]

More From Our Brands

Access exclusive content