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Sale boost for Bono

Bono's private equity group Elevation Partners will be the biggest beneficiary of a $400m (€295m) sale of the US-based Forbes media giant.

The U2 frontman (right) is a managing director and co-founder of Elevation, which has invested an estimated $264m (€195m) in Forbes Media, the company behind the magazine famous for ranking the world's richest and most influential people.

Deutsche Bank has been hired to find a buyer for Forbes.