Crypto exchange Binance to invest $200 mln in U.S. media firm Forbes
LONDON, Feb 10 (Reuters) - Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, as it prepares to go public via a special purpose acquisition company (SPAC).
The investment by Binance, the world's biggest cryptocurrency exchange by trading volumes, will replace half of the $400 million in private placement commitments already announced by Forbes and SPAC company Magnum Opus Acquisition Limited (OPA.N).
#BinanceSquare
LONDON, Feb 10 (Reuters) - Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, as it prepares to go public via a special purpose acquisition company (SPAC).
The investment by Binance, the world's biggest cryptocurrency exchange by trading volumes, will replace half of the $400 million in private placement commitments already announced by Forbes and SPAC company Magnum Opus Acquisition Limited (OPA.N).
#BinanceSquare
