Binance Buys $200 Million Stake in Forbes
Binance has invested $200 million into Forbes, a century-old U.S. business news publisher, ahead of the company’s SPAC merger with Magnum Opus Acquisition. 💰 💰
The crypto exchange, which is worth $86 billion, will become Forbes’ second biggest shareholder. Binance will also reportedly pick up two of Forbes’ nine board seats in the process. It’s an ironic buy, given that Binance sued Forbes in 2020 after they published a story suggesting the crypto exchange skirted U.S. regulations.