Forbes Media of US announced on Tuesday that it is going to acquire True/Slant, a news network for journalists and advertisers.
True/Slant displays the writings of more than 300 freelance writers and allows marketers to publish their own material.
True/Slant founder and chief executive Lewis Dvorkin, a former executive editor of Forbes magazine, will be rejoining the company as chief product officer from 1 June. He will be responsible for revamping the Forbes.com website and redesigning the magazine, the media firm said in a statement.
The two companies did not reveal the financial details of the deal.
