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Fortune Magazine Officially Sells to Thai Businessman

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Meredith has finalized its sale of Fortune magazine to Thai businessman Chatchaval Jiaravanon, the magazine publisher announced today. The brand was purchased for $150 million cash by Fortune Media Group Holdings Limited, wholly owned by Jiaravanon after he was announced as the intended new owner last month. The brand, part of Meredith's Time Inc. acquisition,...

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