Forbes 'Absolutely Denies' Wacky Russian Buyout rumour

No, Forbes is not for sale to a Russian private equity group, as the Russian press had reportedly rumoured.

Forbes “absolutely denies” this rumour, and “has no knowledge of the source,” a company rep tells us by e-mail. “Forbes Russia is also not for sale to this group.”

Russian private equity firm Onexim — founded by billionaire Mikhail Prokhorov — had been rumoured to be buying Forbes, according to Russian news reports translated by Yakov Sadchikov, CEO of Web search firm Quintura.

Disclosure: I previously worked for Forbes.com.

Earlier: Russian Billionaire’s Firm To Buy Forbes?

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