Binance bought a stake in Forbes for $200 million

Cryptocurrency exchange Binance bought a stake in the U.S. edition of Forbes for $200 million, reports CNBC. According to sources, the resultBinance will become one of the largest shareholders of the publication.

Binance invested $200 million in exchange for an undisclosed prelu. The deal will help Forbes finalize preparations to go public via SPAC in the first quarter of 2022. It will trade under the ticker FRBS.

According to sources, the Binance investment will be part of the $400 million that Forbes owesand was attracted from frequent investors. As a result, the crypto-exchange will become one of the largest shareholders of the.
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