Canada Mortgage Billionaire Buys Stake in The Economist Magazine

Photographer: Galit Rodan/Bloomberg Canadian mortgage billionaire Stephen Smith has agreed to buy a minority stake in The Economist Group, marking the first ownership shake-up in the storied British current affairs magazine in a decade. Smith and his family holding company Smith Financial Corp. will buy the entire 26.9% stake held by, Lynn Forester de Rothschild, her family and her family foundation, representatives for the companies said in emailed statements. Most Read from Bloomberg The price of th ...