• A Mysterious Thai Businessman Just Bought Fortune Mag for $150 Million

    5 days ago - By Observer

    Will Fortune's new foreign owner carry on the publication's century-old brand legacy?
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  • Meredith Sells Fortune Magazine to Thai Billionaire

    5 days ago - By WWD

    Meredith Corp. has flipped another former Time Inc. property for the substantial sum of $150 million in cash.
    The 70-year-old Fortune magazine and its related events assets have been bought by Chatchaval Jiaravanon, who owns the Thai conglomerate Charoen Pokphand Group, which has some media and telecomm properties, but mainly works in food, agriculture and retail. Meredith was said by sources to be seeking around $200 million for the magazine so the sale price to Jiaravanon marks a pretty steep negotiation. (Meredith was also said to be seeking $200 million each for Money and Sports...
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  • Fortune Magazine Sold to Thai Businessman for $150 Million

    5 days ago - By Variety

    Meredith inked a deal to sell the Fortune business-media brand for $150 million 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 closed on the sale of Time to Salesforce founder Marc Benioff...
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