As the world’s largest cryptocurrency exchange, Binance continues to expand its reach. This time it is targeting Forbes magazine and digital publisher. Binance will invest $200 million to help the company merge with a SPAC.
CNBC reported that Binance will be the second-largest owner of Forbes after the public listing. Binance will be Forbes’ second largest owner after the public listing. Forbes will trade under the ticker “FRBS” on the New York Stock Exchange. Forbes claims it has a readership of over 150 million. However, the company is currently owned and operated by Integrated Whale Media Investments (95%) and the Forbes family (5%).
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