Forbes Media Acquires UK Online Publication, The Memo

Feb 12, 2018 · Strategic Acquisition Will Create Full-Fledged European Editorial Team and Strengthen Forbes’ Presence in Europe

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Forbes Media announced today the acquisition of the British online business publication, The Memo, for an undisclosed amount. The deal will result in the founding of the first full-fledged editorial team that’s focused on European content, with The Memo’s Founder and Editor, Alex Wood, taking on the role as European Editor.

The acquisition of The Memo is part of the company’s wider expansion plans in Europe and will enable the publisher to strengthen its presence in Europe and its European content on Forbes.com. Forbes will look to further expand its coverage and contributor network across Europe.

Mike Federle, Chief Executive Officer at Forbes, said of the announcement: "This is a strategic acquisition and part of a multiplatform initiative to grow and better serve our European readers and marketers alike. The formation of an official editorial team in London is an important element of this strategy. We welcome Alex and his talented team to Forbes."

Taking effect immediately, Alex Wood will join Forbes as European Editor alongside The Memo employees including Alexandra Charalambous, Kitty Knowles and Oliver Smith. In support of this new editorial team, the London office, headed up by Charles Yardley, will make a move to a new and expanded office space in March.

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