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Tag: sold

Iconic Business Magazine Brand Sold for $150 Million

Posted on November 9, 2018 by admin

Meredith Corporationtoday announced an agreement to sell the FORTUNE media brand for $150 million cash to Fortune Media Group Holdings Limited, wholly owned by Chatchaval Jiaravanon. The transaction is subject to regulatory approval and is expected to close in 2018. Mr. Jiaravanon is affiliated with the Charoen Pokphand Group (www.cpgroupglobal.com), an international conglomerate with businesses…

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