REUTERS - Forbes Media, which publishes the well-known financial magazine, has hired Deutsche Bank to explore a sale of the company, CEO Mike Perlis said in a memo to employees on Friday.
"We're organizing a process to test the waters regarding a sale of Forbes Media. We have hired Deutsche Bank to represent us, and we expect interest from numerous suitors," Perlis said in the memo, obtained by Reuters.
He said Forbes Media hired the bank after receiving "serious" overtures to buy the company.
A representative for Deutsche Bank declined to comment.
Forbes is best known for its annual rankings of wealthy individuals.
(Reporting by Liana B. Baker; Additional reporting by Nicola Leske; Editing by John Wallace)
