Brief: Forbes To Be Acquired By Austin Russell

Luminar Technologies

13/05/2023 01:30

May 12 (Reuters) - 
  
    * FORBES TO BE ACQUIRED BY AUSTIN RUSSELL
    * INTEGRATED WHALE MEDIA INVESTMENTS - RUSSELL WILL HOLD 
82%
INTEREST IN FORBES
    * INTEGRATED WHALE MEDIA-ENTERED INTO DEFINITIVE AGREEMENT
FOR
ACQUISITION OF MAJORITY OWNERSHIP IN FORBES IN TRANSACTION
VALUING CO AT NEARLY $800 MILLION
    * INTEGRATED WHALE MEDIA - ALL CAPITAL FOR THE ACQUISITION
HAS
BEEN FULLY COMMITTED AND INDEPENDENT OF RUSSELL'S STAKE IN
LUMINAR
    * INTEGRATED WHALE MEDIA-RUSSELL WILL WILL NOT BE INVOLVED
IN
FORBES DAY-TO-DAY OPERATIONS
    * INTEGRATED WHALE MEDIA INVESTMENTS - AS PART OF
TRANSACTION,
REMAINING STAKE OF FORBES OWNED BY FORBES FAMILY WILL BE
ACQUIRED BY NEW OWNER



 ((Reuters.Briefs@thomsonreuters.com;))