Entrepreneur for sale
FOLIO reports that Entrepreneur Media, publisher of Entrepreneur magazine, is for sale. The price: $200 million.
FOLIO's source said that Time Inc. would be a likely bidder, but suggested that Mansueto Ventures—the New York-based publisher of Inc. and Fast Company led by billionaire Joe Mansueto—would be the most logical suitor for Entrepreneur.
Mansueto is already working on the launch of Upstart, a magazine for entrepreneurs. But in an e-mail to FOLIO, CEO John Koten denied any interest in acquiring Entrepreneur.
So for now it's still unclear who might purchase the business magazine's parent company. FOLIO's article, however, adds some insight into the eventual sale.
To read the full story click here.
FOLIO's source said that Time Inc. would be a likely bidder, but suggested that Mansueto Ventures—the New York-based publisher of Inc. and Fast Company led by billionaire Joe Mansueto—would be the most logical suitor for Entrepreneur.
Mansueto is already working on the launch of Upstart, a magazine for entrepreneurs. But in an e-mail to FOLIO, CEO John Koten denied any interest in acquiring Entrepreneur.
So for now it's still unclear who might purchase the business magazine's parent company. FOLIO's article, however, adds some insight into the eventual sale.
To read the full story click here.
posted by Kelly at
4/08/2008 02:54:00 PM
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