{"id":45055,"date":"2022-02-11T14:33:22","date_gmt":"2022-02-11T13:33:22","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=45055"},"modified":"2022-02-11T14:33:22","modified_gmt":"2022-02-11T13:33:22","slug":"binance-makes-a-strategic-investment-of-200-million-in-forbes","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-makes-a-strategic-investment-of-200-million-in-forbes\/","title":{"rendered":"Binance makes a strategic investment of 200 million in Forbes"},"content":{"rendered":"
Binance has made a $200 million strategic investment in Forbes, according to the publication<\/strong>. Binance will assist Forbes Digital Assets and Web3 Strategy with their advisory services. In addition, it is predicted that Forbes will go public in New York in the first quarter of 2022.<\/strong><\/span><\/p>\n <\/p>\n Specifically, Binance will assume subscription agreements on behalf of the $400 million private investment in public equity (“PIPE”), which was previously announced along with Forbes’ intention to go public through a business combination with Magnum Opus<\/strong>. This strategic investment will represent $200 million in commitments in the $400 million PIPE.<\/span><\/p>\n Among other things, the transactions with Magnum Opus and Binance are expected to assist Forbes in maximizing its brand and company values<\/strong>, as well as utilizing its proprietary technology and analytics stack to convert readers into long-term, engaged customers of the platform, including through recurring memberships and subscriptions to premium content as well as highly targeted product offers.<\/span><\/p>\nA Comprehensive Partnership<\/h2>\n