Crypto exchange giant Binance takes $200m stake in iconic publisher Forbes

Mark Battersby
clock • 2 min read

Binance, one of the world's largest cryptocurrency and blockchain infrastructure provider, is making a $200m investment in business publisher Forbes less than two years after it sued the iconic US-headquartered brand for defamation. Forbes and Magnum Opus Acquisition, a publicly traded special purpose acquisition company, said in a statement on 10 Febrary that Binance had made a $200m strategic investment. Forbes and Magnum Opus earlier announced plans to pursue a business combination, expected to close Q1 of 2022, through which Forbes would become a publicly traded company on the Ne...

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