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07 August 2006
Bono buys a stake in Forbes
Elevation Partners, a private-equity group of which U2 singer, make-poverty-history activist and TEDprize winner Bono is one of the 6 partners, has bought a "significant minority stake" (rumored to be of more than 40 percent, and worth US$ 250 to 300 million) in Forbes Media, which includes Forbes magazine and Forbes.com. Today's International Herald Tribune has the full story. The IHT comments: "Of course, Bono's investment in a magazine that celebrates wealth and consumption is bound to raise eyebrows". But it turns out that Steve Forbes' favorite U2 song is "One": "We're one, but we're not the same"..
[Cross-posted on LunchOverIP]
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