Forbes is looking to list on the New York Stock Exchange through a merger with Magnum Opus, which is a special purpose acquisition company (SPAC). The publisher will use the funds to accelerate its digital growth, the company said in a press release.
Binance will assume half of the USD 400 million commitments from institutional investors, which was announced in August 2021. Binance sued Forbes in 2020 for defamation after the news outlet published leaked documents purporting to outline the exchange's plans for reentering the US market.
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