The CEO of automotive-technology company Luminar said he is buying a majority stake in Forbes in a deal that values the business media outlet at nearly $800 million
Jordan Vonderhaar/Bloomberg News
The CEO of an automotive-technology company said he is buying a majority stake in Forbes Global Media Holdings in a deal that values the business media outlet at nearly $800 million., which makes sensors and software used for safety and autonomous-driving features—said he has agreed to buy an 82% stake in Forbes. His purchase includes the remaining portion of the company owned by its namesake family and brings to a close a lengthy sale process.
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