Forbes is planning to go public with special purpose acquisition company Magnum Opus Acquisition Limited, the company announced on Thursday. (Adweek)
The deal, valued at $630 million, will give Forbes the opportunity to invest in building consumer-focused products, according to CEO Mike Federle. (Reuters)
“With this transition into a publicly traded company, Forbes will have the capital to accelerate growth by executing its differentiated content and platform strategy and fully realize the potential of our iconic brand,” Federle said. (NYPost)
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The deal expected to close in Q4 of this year or early Q1 in 2022. (CNBC)