Buyout firm Elevation Partners may be grooming Forbes Media LLC
for an IPO or sale, according to the New York Post. Last year, the
Forbes
family consolidated the namesake magazine, Web site and affiliated
properties into Forbes Media, and sold a 40% stake to the Bono-led private
equity firm in a deal rumored at $300 million. According to the Post, Forbes
Media is currently valued at about $750 million. A sale or IPO would be
consistent with the family's ongoing divestiture of assets, cites the Post.
—Matthew Wurtzel
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