Forbes, Owned by Shadowy Hong Kong Group, Should Sell to US Citizens
Commentary Forbes, which is currently majority-owned by a shadowy Hong Kong company, is currently being considered for purchase ...
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Commentary Forbes, which is currently majority-owned by a shadowy Hong Kong company, is currently being considered for purchase ...
You have successfully joined our subscriber list. Many companies are said to have shown interest in working with Forbes in its attempt to go public. Forbes Media LLC, information and publishing media has been said to be working on merging with Special Purpose Acquisition Company (SPAC) as it works to go public. According to reports, the company has received many interests, with Borderless Services Inc proposing a bid of $700 million. It has been reported that these bids would cause Forbes to remain a privately held company. An attempt to receive confirmation about the merger with SPAC was unf...
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Forbes Media is discussing going public and is also reviewing at least two offers to sell the company, Reuters reported Thursday. To go public, Forbes Media would merge with a special purpose acquisition company, or SPAC, though the identity of that company is not known, Reuters reported. Forbes is also considering two acquisition offers in the range of $700 million: one from a group of investors led by Michael Moe, founder and CEO of GSV Ventures, and another from Borderless Services, a blockchain technology investment company. ADVERTISEMENT Completion of either offer would keep Forbes ...
Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources By Joshua Franklin, Krystal Hu and Echo Wang Reuters NEW YORK (Reuters) - Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday. Forbes' owner is also fielding offers worth up to $700 million from bidders including a consortium led by tech investor Michael Moe and another offer from investment vehicle Borderless Services Inc, the ...