Bono is one of six founding partners in Elevation Partners, a private equity group. According to New York Times, Elevation just acquired a stake of more than 40 percent in 89-year-old Forbes magazine and Forbes.com at a cost of $250 million to $300 million. Roger McNamee, a managing director and co-founder of Elevation, helps mere mortals understand why Ireland's King of Rock, wants to play media mogul. Bono was not …
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