Bringing traditional media to Web3: Binance’s $200m investment in Forbes Forbes announced that Binance will invest $200m in its PIPE (or “Private Investment in Public Equity”) offering as part of its plans to list in New York via a SPAC merger. The 105 year-old news publisher agreed to go public last year in August through a merger with blank-check company Magnum Opus Acquisition, a SPAC backed by the Hong Kong-based investment firm L2 Capital.
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