A matriarch of the Rothschild banking dynasty is selling her family’s shares in The Economist, according to a new report.
British-American businesswoman and philanthropist Lynn Forester de Rothschild has put the family’s entire 26.7% stake in the influential magazine up for sale, Axios reported.
The Rothschilds’ shares in The Economist are worth an estimated $537 million, according to the news site. 3
That would put the high-end valuation of the entire magazine at around $1.1 billion.
The sale process formally launched Monday night in London and is being led by Lazard, the investment bank advising the family on the deal, sources told Axios.
The Rothschilds’ stake in The Economist was pegged at around 26.7%. Exor, the investment firm of Italy’s Agnelli family, holds about 43.4% o