Binance Cryptocurrency Will Invest $ 200 Million In Forbes

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Binance's major cryptocurrency exchange will make a $ 200 million investment in Forbes, the media company announced on Thursday, with the prospect of taking over a package of shares through private equity. Special sales (SPAC) firm.

Binance Cryptocurrency Will Invest $ 200 Million In Forbes

Binance, is the world's largest trading exchange volume in terms of trading volume, will already replace half of its $ 400 million investor commitments,” reported Forbes and SPAC Magnum Opus Acquisition Limited. The deal is expected to be finalized by the end of March, Forbes and Magnum Opus said in a statement. The deals with Magnum Opus and Binance are meant to help Forbes grow its brand and develop value," the advertising company said.

Forbes said in August that it would launch with SPAC Magnum Opus to base its digital transformation and continue to pursue growth opportunities. In 2020, the company and two journalists were sued for a story published by Forbes about the structure of the business.

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