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The latest publisher riding the SPAC train is business-focused title Forbes, which announced it’s going public today in a bid to turbocharge its digital transformation.
Top line
Forbes Global Media Holdings Inc. is merging with special purpose acquisition company Magnum Opus Acquisition Limited. The transaction is expected to close in later this year or early next.
The combined entity is valued at $630 million with $200 million in cash already held by Magnum Opus and the raising of up to $400 million through new shares.
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