Canadian investor Stephen J.R. Smith will acquire a 26.9% stake of The Economist magazine from the Rothschild family after reaching an agreement with Lynn Forester de Rothschild to buy her family’s shares in the time-honoured publication. Terms were not disclosed. The Smith family’s holding company, Smith Financial, has interests in various businesses, while The Economist Group has offices in 14 countries worldwide. Born and raised in Ottawa, Smith co-founded First National Financial Corporation in 1988 with Moray Tawse, a manager at Guaranty Trust.