Skadden Cadwalader and LKP lead Forbes media sale
Skadden, Arps, Slate, Meagher & Flom has taken a leading role, along with Cadwalader, Wickersham & Taft and LKP Global Law, on Forbes’ sale of a majority stake of its media business to a Hong Kong-based group of investors. comments powered by Disqus
The Forbes family will retain a "significant" interest in the company and remains an active part of management, with Steve Forbes staying on as chairman and editor-in-chief.
The purchaser is a newly formed consortium of Hong Kong investors called Integrated Whale Media Investments. The group is led by Integrated Asset Management and Wayne Hsieh, the co-founder of Asustek Computer Inc.
Forbes Media is advised by Cadwalader, who have fielded a team led by New York partners Chris Cox, William Mills, Gregory Patti Jr., David Miller, Richard Nugent and Dorothy Auth, and Washington partner Dale Turza.
Integrated Whale Media Investments is advised by Skadden, with a team led by partners Daniel Dusek in Beijing, Jonathan Stone in Hong Kong, Ivan Schlager in Washington, and Howard Ellin, Steven Matays and Stephanie Teicher in New York.
Los Angeles-based firm LKP Global Law is representing Integrated Whale Media, led by partners Kevin Leung and Francis Chen.