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Fortune Is The Latest Big Media Brand Sold To A Wealthy Businessman – Jill Goldsmith

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Meredith’s unloading of storied Fortune magazine to a Thai businessman is the latest in a string of personal private investments in major media publications by assorted billionaires, and one of the biggest ever to a foreign investor.  Chatchaval Jiaravanon, a Bangkok-based tycoon with an undergraduate business degree from the University of Southern California, is buying Fortune for $150 million in cash.Who is he?Meredith, the Des Moines-based publisher, described Jiaravanon as “at the helm” of a head-spinning portfolio of public companies — including board positions at True Corporation, Ticon Industrial Connection………….

Read more: https://www.forbes.com/sites/jillgoldsmith/2018/11/09/fortune-magazine-sold-to-thai-businessman-for-150m-cash/#339698852978

 

 

 

 

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