Hong Kong SPAC agrees to acquire Forbes publisher in deal that values it at US$630 million

//Hong Kong SPAC agrees to acquire Forbes publisher in deal that values it at US$630 million

Hong Kong SPAC agrees to acquire Forbes publisher in deal that values it at US$630 million

Forbes Global Media Holdings, the American publisher of Forbes magazine and a closely watched list of the world’s billionaires, agreed on Thursday to be acquired by a Hong Kong-based special purpose acquisition company (SPAC), the latest media concern to agree to go public via a blank-cheque company in the United States.The deal with Magnum Opus Acquisition would value the publisher at US$630 million, net of tax benefits.Following the transaction, Forbes would list on the New York Stock…

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By | 2021-08-26T14:21:50+00:00 August 26th, 2021|Business|Comments Off on Hong Kong SPAC agrees to acquire Forbes publisher in deal that values it at US$630 million