|Bid||2.3700 x 45100|
|Ask||2.3800 x 1200|
|Day's Range||2.3300 - 2.4600|
|52 Week Range||2.3300 - 10.5500|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2024 - Mar 01, 2024|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.38|
Key Insights Using the Dividend Discount Model, Luminar Technologies fair value estimate is US$4.31 Luminar...
(Bloomberg) -- The parent of Forbes magazine and the related website is no longer going forward with a sale to 28-year-old technology magnate Austin Russell.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomOpenAI in ‘Intense Discussions’ to Quell Potential MutinyHigher Interest Rates Are Shattering Housing Dreams Around the WorldTh
Forbes' parent company has called off its acquisition by Luminar Technologies CEO Austin Russell, as the billionaire could not come up with the financing, an internal Forbes memo seen by Reuters on Tuesday showed. Earlier this year, the automotive technology executive had agreed to acquire 82% of Forbes in a deal valuing the business news publisher at nearly $800 million, including the remaining portion of the company owned by the Forbes family. Forbes Media CEO Mike Federle told staff the cancellation will not affect day-to-day operations and that the company will continue to "consider other opportunities," said the memo, which was first reported by The Information.