President Donald Trump has commented on why he believes the sale of Forbes has reportedly fallen through.
Trump weighed in on the reported collapse of the deal involving the sale of Forbes to Austin Russell.
The 45th president revealed that he believes the sale failed because Forbes is a “pathetic outlet of Fake News.”
Trump posted the message to Truth Social on Saturday.
“Oh, really bad news!” Trump wrote.
“The Owned by China Forbes Magazine deal with Russia just fell apart, so China will continue to own and run it, and say bad things about your favorite President, ME.
“But eventually it will cease to exist, be worthless.
“BAD WRITERS!” Trump blasted.
“Anyone that pays more than $50 Million for this pathetic outlet of Fake News is a fool!”
Back in May 2023, reports indicated that Forbes was sold to Russell for $800 million.
However, new reports were published last week, including this one from Axios, indicating that the deal has not been closed.
“Russell was blindsided by Indian investment firm Sun Group and others who didn’t wire the money they were contractually obligated to send on the day the deal was supposed to close, per the sources,” Axios reported.
“Russell missed a two-week extension deadline earlier this week to get his $800 million bid together,” the outlet added.
“If he doesn’t come up with the cash soon, his deal to buy Forbes could be in peril.”
It remains to be seen what is going to happen here.
Russell is reported to still be negotiating the sale of Forbes, so a deal could still be on the table.
And, even if the deal does not go through, Axios reports that “at least one other buyer is preparing a rival bid.”
So, one way or another, it appears that Forbes will be sold.
Meanwhile, Trump also slammed The Atlantic in a separate Truth Social message on Saturday.
As he did with Forbes, Trump accused the outlet of publishing “false and fake stories.”
He also called the outlet a “third-rate magazine.”
“It’s so good to see how badly the THIRD RATE MAGAZINE, The Atlantic, is doing,” Trump wrote.
“It’s failing at a level seldom seen before, even in the Publishing Business.
“False and Fake stories do it every time!”
He added, “They’ve got a rich person funding the ridiculous losses, but at some point, rich people get smart also.
“Steve Jobs would not be proud of his wife, Laurene, and the way she is spending his money.
“The Radical Left is destroying America!”
https://slaynews.com/news/trump-collapse-deal-sale-forbes-pathetic-outlet-fake-news/
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