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Elevation Partners, which includes musician Bono, has paid up to $300 million for more than 40% of Forbes Media, reports David Carr. “Bono’s investment in a magazine that celebrates wealth and consumption is bound to raise eyebrows,” he writes.
But [Elevation co-founder Roger] McNamee said the stake in Forbes did not necessarily clash with his politics and his rhetoric, saying, “the goal is to make Bono the richest man in the Universe and in that way, he can help even more of the world’s poor.”
Investors, Including Bono, Buy a Piece of Forbes [NYT]
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