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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

Country: US

Status: Official

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