• Fortune Magazine Sold to Thai Businessman for $150 Million

    9 monthes ago - By NY Times

    Meredith acquired the title with a $2.8 billion acquisition of Time Inc. last November, in a deal that made it the largest magazine publisher in America.
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  • FORTUNE Sells to Thai Businessman for $150 Million

    9 monthes ago - By Fortune

    For generations, a sign of business success was appearing on the cover of Fortune magazine.
    Today, the truest symbol may be to own the publication outright.
    Des Moines-based publisher Meredith announced on Friday that it has agreed to sell Fortune for $150 million to Fortune Media Group Holdings Limited, wholly owned by Chatchaval Jiaravanon, executive chairman of Thailand's biggest conglomerate, Charoen Pokphand Group.
    The transaction, a personal investment for Jiaravanon, is expected to close in 2018.
    Meredith picked up 88-year-old Fortune as part of its $1.8 billion acquisition of New...
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