Luminar Technologies Inc. Chief Executive Austin Russell told The Wall Street Journal on Friday that he is buying an 82% stake in Forbes. The deal includes...
Luminar Technologies Inc.
Chief Executive Austin Russell told The Wall Street Journal on Friday that he is buying an 82% stake in Forbes. The deal includes the remaining portion of the company owned by the Forbes family and ends a long sale process, the Journal reported. The company is profitable, the newspaper said, citing people familiar with the matter. Shares of Luminar edged higher in the extended session Friday after ending the day down 2.8%.
Chief Executive Austin Russell told The Wall Street Journal on Friday that he is buying an 82% stake in Forbes. The deal includes the remaining portion of the company owned by the Forbes family and ends a long sale process, the Journal reported. The company is profitable, the newspaper said, citing people familiar with the matter. Shares of Luminar edged higher in the extended session Friday after ending the day down 2.8%.
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