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Forbes to go public through $630 million SPAC merger
short by Krishna Raj / on Thursday, 26 August, 2021
Forbes Global Media Holdings will go public through a merger with blank-check firm Magnum Opus Acquisition, special purpose acquisition company (SPAC), the firms said. The combined company will have a pro forma equity value of $630 million. Forbes' management team will remain in place after the deal, which is expected to close in 2021's fourth quarter or 2022's first quarter.
read more at BloombergQuint