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  1. The Wire
February 10, 2022

Forbes nets $200m in funding from crypto giant Binance

Business information brand Forbes has received a $200m strategic investment from cryptocurrency giant Binance.

By Press Gazette

Business information brand Forbes has received a $200m strategic investment from cryptocurrency giant Binance.

Forbes previously announced plans to pursue a business combination that would allow the company to become publicly traded on the New York Stock Exchange under the symbol “FRBS”.

The $200m will allow Binance to assume $200m worth of commitments in a previously announced $400 million private investment in public equity (“PIPE”) that forms part of its NYSE-listing aims.

Source: Forbes

Deal value: $200m

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Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
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  • Non-Exec Director
  • Other C-Suite
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Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
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