BBC to sell Lonely Planet to cigarette billionaire?

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Image via www.lonelyplanet.comLonely Planet, a decades-long travel guide book, is said to be on sale. In a report, Skift said current owner BBC is in the final stages of negotiation with reclusive Kentucky billionaire Brad Kelley for the sale of a majority stake in Lonely Planet. Kelly used to sell discount cigarette brands like USA Gold, Bull Durham, and Malibu, then flipped the company for almost $1 billion in 2001. He is now one of the largest land owners and conservationists in United States. BBC Worldwide replied to the report: “We have been exploring strategic options for Lonely Planet for some time now but no deal has been done and we are not going to comment on speculation about its future.”


Read more on Skift

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!