Automotive Tech Billionaire Austin Russell to Acquire Majority Stake in Forbes

Luminar Technologies CEO Austin Russell is buying a majority stake in Forbes Global Media Holdings.

It is a deal that values the business news publisher at nearly $800 million, according to a statement from Russell and Integrated Whale Media Investments.

Russell, an automotive tech billionaire has agreed to acquire 82% of Forbes.

That stake includes the remaining portion of the company owned by the Forbes family, the statement said.

Read the source article at finance.yahoo.com