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Forbes Looks to Sell Investopedia

By Mike Taylor on June 14, 2010 10:48 AM

investopedia06142010.jpgAmid an ongoing shift in its digital-media strategy, Forbes Media announced Friday that it was interested in selling its Web investment glossary, Investopedia. As minOnline reports, Forbes has retained investment bank Jordan Edmiston to help it make the sale.

Investopedia was founded in 1999 by Cory Wagner and Cory Janssen. In addition to a dictionary of investment terms, the site offers exam-prep aides and mock-portfolio software. Forbes Digital bought the Canada-based site in 2007. The site claims to attract millions of visitors per month.

Forbes bought journalist blogging community True/Slant, which at the time had around 300 contributors, in May. As part of the deal, True/Slant founder Lewis Dworkin is joining Forbes as chief product officer.

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