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.
Deal value: $200m
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