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International Business Times
International Business Times
Business

IBT Media Transfers Ownership to Newly Established Delaware Perpetual Purpose Trust

IBT Media IBT Dev Pragad Delaware Newsweek
IBT Media transfers full ownership to a Delaware perpetual purpose trust to safeguard its mission and assets. (Credit: IBT Media)

NEW YORK, Aug. 10, 2026 — IBT Media Inc., parent company of the International Business Times, announced today that ownership of the company has been transferred to a newly established Delaware perpetual purpose trust with no beneficiaries, formalizing a structure in which the company's ownership is separate from any individual person.

Under an agreement executed August 7, 2026, Etienne Uzac, who has led IBT Media as CEO, irrevocably transferred all outstanding shares of the company to the trust as a gift. The transfer makes the trust the sole owner of IBT Media's capital stock.

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