Binance to Invest $200 Million in Forbes (Report)

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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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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