Forbes to go public via $630 million SPAC merger

Forbes, one of the oldest media outlets in the United States, will merge with Magnum Opus Acquisition Ltd, a special purpose acquisition company (SPAC) led by Jonathan Lin, a former executive at billionaire Steven Cohen’s Point72. The deal will allow Forbes to further capitalize on its digital transformation, Forbes Global Media Holdings said. Jersey City-based Forbes was founded in 1917 by B.C. Forbes, a business journalist and columnist born in Scotland, who later moved to Johannesburg and worked under a South African newspaper headed by British writer Edgar Wallace.


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