Featured
Thai bizman buys Fortune magazine for $150 million
U.S. media company Meredith Corp (MDP.N) said on Friday it would sell Fortune magazine for $150 million in cash to Thai businessman Chatchaval Jiaravanon, the second time the influential business magazine has changed hands this year.
Best known for the “Fortune 500” list, the magazine was acquired by Meredith as part of its acquisition of Time Inc in January for $1.84 billion.
In September, the company announced the sale of Time magazine to Salesforce.com Inc (CRM.N) founder and co-Chief Executive Officer Marc Benioff and his wife Lynne Benioff for $190 million in cash.
Meredith said it would use the Fortune sale proceeds to pay down debt, which it expects to reduce by $1 billion during fiscal 2019.
Jiaravanon is best known for his affiliation with Charoen Pokphand Group, or C.P. Group, a business conglomerate with stakes in the Thai telecommunications, food, retail and automotive industries.
Khazaen Dry Port Joins Global Shipping Network as Final Container Destination
Safeguarding Oman’s Identity in Digital Platforms: A Collective National Duty
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
Gold Declines as US Dollar Gains Momentum, Markets Await Fed Appointments
Preparations Launched for the Second Edition of the Suhar Investment Forum under the theme “Suhar: Industrial Investment Destination”
Strong Performance and Strategic Approach: ahlibank announces Its Financial Results for the First Half of 2025
Oman Air Holidays Launches All-New Digital Platform Powered by TUI, Supporting Inbound Tourism & Seamless Global Travel
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
Liva Insurance Reinforces Commitment to Public Safety as Gold Sponsor of Traffic Safety Awareness Exhibition in Salalah
Oman’s Trade Balance Surplus Exceeds RO 2.4 Billion
Power And Beyond: The Path To A Low-carbon Future
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Al Mouj Muscat unveils Ghadeer Villas
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
Banking & Finance1 month agoOman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month agoSPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance4 weeks agoNational Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines1 month agoOER, June 25
-
Energy1 month agoRussian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Banking & Finance2 months agoThe Future of the International Financial System to be discussed at SPIEF 2025
-
Retail2 months agoAll services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB
-
Business2 months agoOver 137 Countries and territories confirm participation in SPIEF 2025
You must be logged in to post a comment Login