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New Deal


Announced

Forbes to invest in Forbes for $200m.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Cross Border

Acquisition

Private

Friendly

Pending

Single Bidder

cryptocurrency exchange platform

China

IT Services: Other

Synopsis

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Forbes, a business information brand that convenes, and Magnum Opus Acquisition, a special purpose acquisition company, agreed to invest in Binance, a cryptocurrency and blockchain infrastructure provider, for $200m. “Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets. With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators. Forbes, already a resource for people interested in the emerging world of digital assets, can become a true leader in the field with their help,” Mike Federle, Forbes CEO.

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