Forbes' owner is also fielding offers from bidders including investment vehicle Borderless Services Inc, which has bid $700 million, and from a consortium led by tech investor Michael Moe, the sources said. Both of these bids would result in Forbes remaining a privately held company.
Integrated Whale Media could not immediately be reached for comment. Moe and Borderless Services declined to comment. , the sources added. Were it to acquire Forbes, Borderless Services would install a new management team and introduce cryptocurrency products such as a Forbes digital wallet, where users could manage digital currencies, some of the sources said.The sources, who requested anonymity because the matter is confidential, cautioned it is still possible no deal for Forbes will materialize or another bidder could emerge.