Forbes Media Acquires U.K. Publication ‘The Memo’

by Forbes Middle East Forbes Middle East - Business News

Forbes Media has acquired U.K. online business publication The Memo for an undisclosed amount, the group announced today.

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The acquisition will create the groups first full-fledged editorial team focused on Europe, and is a strategic move to expand its network and coverage across Europe.
This is a strategic acquisition and part of a multiplatform initiative to grow and better serve our European readers and marketers alike, said Forbes CEO Mike Federle in a statement about the announcement. The formation of an official editorial team in London is an important element of this strategy.
In his statement he also welcomed Alex Wood as Forbes European Editor, who will work alongside The Memos current employees.