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.
Win OMR 3,000: ROP & Bank Muscat Launch Cyber Fraud Awareness Short Film Competition
EXCLUSIVE INTERVIEW: Yango’s Big Vision for Oman
Leadership, Transformation Forum Reviews Inspiring Women’s Experiences
OPINION: GCC Navigates Global Macro Volatility as Worldwide Growth Moderates to 2.6%
City Centre Muscat Celebrates 25 Years of Great Moments as Mall of Oman Marks Its Fifth Anniversary
HM The Sultan Accorded Official Reception Ceremony at Windsor Castle
61.7% of Middle Eastern Families Involve the Next Generation As Business Successors or Consultants
Future Fund Oman’s $5.2B Outlook: Where Will the Sultanate’s Next Big Businesses Come From?
Oman and the UK: From Historical Legacy of Over 220 Years to Future Partnership
Sohar International Launches Expatriate Banking Proposition with Housing Loans, Cashback, Insurance & Digital Remittance Solutions
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
VIDEO: Building Oman’s Future – SAH’s Vision for Infrastructure, Innovation and Growth
VIDEO: Oman Cables Breaks Ground on OMR 10 Million-Plus Plant to Power Oman’s Industrial Future
VIDEO: Hitesh Akarte on Khimji Ramdas Infrastructure’s Role in Oman Vision 2040
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
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Fashion4 weeks agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Economy4 weeks agoOER Magazine September Edition 2026
-
Banking & Finance2 months agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Alamaliktistaad Magazines3 weeks agoAlam Al-Iktisaad Magazine September 2026 Edition
-
Banking & Finance1 month agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
News2 months agoOPEC+ Holds Output Steady for October as Focus Shifts to 2027 Quotas
-
Artificial Intelligence1 month agoWhat the World’s Top 10 Tech CEOs Really Earn
You must be logged in to post a comment Login