Forbes Family Sues Chinese Investors Over Deal

Financial Times: The family behind Forbes magazine has sued the Chinese investors that acquired a majority stake in the U.S. business publisher last year, alleging that they have refused to pay a substantial portion of the promised price. Integrated Whale Media Investments, the Hong-Kong based vehicle that bought the stake, is accused of breaching its contractual agreement after the deal completed, The investment is said to be valued at $475 million.