Binance invests $200 million in Forbes just two years after suing it for defamation
Forbes has announced that Binance, “one of the world’s largest cryptocurrency and blockchain infrastructure providers,” is making a $200 million investment to own a part of an “iconic business information brand.” That money is part of a $400 million private investment in public equity (PIPE) arrangement set up for Forbes to go public by merging with a special purpose acquisition company, or SPAC.
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