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.
EXCLUSIVE: Five Innovations Developed in Oman That Deserve Attention
Oman Advances 8 Places in Innovation Inputs Pillar of Global Innovation Index 2026
OER Magazine September Edition 2026
Oman’s Hospitality Sector Enters a New Phase of Growth: Sadiq Al Matwani Al Lawati
ROHM Opens Landmark 15th Anniversary Season with its Acclaimed Production of Zeffirelli’s Rigoletto
Luxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
How Much Are People in Oman Saving Every Month – And What Could It Become if Invested in the MSX?
Liva Insurance Secures Three Major Honours at the Alam Al-Iktisaad Awards 2026
F5 Puts Spotlight on AI Security Innovation in Oman
bp’s New Programmes Set to Benefit Communities Across Oman
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Hospitality Industry in Oman Estimated 90% Growth in 2022
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
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
Oman’s Hospitality Sector Enters a New Phase of Growth: Sadiq Al Matwani Al Lawati
Amr Baabood: Oman Climate Week Is About Moving From Climate Ambition to Climate Action
Mayan Al Asfoor on Leadership, Legacy and Empowering Omani Talent
LEADERSPEAK: Dhofar Insurance CEO Sunil Kohli on Oman’s Insurance Sector, Reinsurance & Market Outlook
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
-
Artificial Intelligence3 weeks agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Fashion1 week agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Highlights2 months agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Magazines1 month agoOER Magazine July Edition 2026
-
Magazines1 month agoAl Mar’a Magazine July 2026
-
Banking & Finance4 weeks agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Alamaliktistaad Magazines1 month agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Magazines2 months agoOER Magazine – June 2026 Edition
You must be logged in to post a comment Login