Austin Russell, chairman and CEO of Luminar Technologies, acquires 82% stake in Forbes Global Media Holdings
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Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies, has acquired 82 per cent stake in Forbes Global Media Holdings, that published the Forbes magazine, in a deal that values the media house at nearly $800 million. According to a report in Wall Street Journal, Russell's stake includes the remaining portion of the company owned by its namesake family.