Crypto exchange Binance may still invest in Forbes, despite reports that the media firm has scrapped plans to go public through a special purpose acquisition company listing.that the SPAC was off amid a cooling in investor appetite for such deals and greater regulatory scrutiny.
Forbes had hoped to raise $400 million through a merger with a SPAC called Magnum Opus Acquisition Ltd. Half of that wasBut Binance may still find a way to invest in the media company. “We’re continuing to review all possible options and look forward to working with the leadership team at Forbes in the months ahead,” a spokesperson for the crypto firm said on Wednesday.The pair make for an odd match given their history.
Source: News Formal (newsformal.com)
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