Binance Makes Strategic Investment in Forbes and Magnum Opus

Forbes and Magnum Opus, a special purpose acquisition corporation, announced a $200 million strategic investment from Binance, one of the world’s largest crypto exchanges. Forbes, one of the most influential business information brands in the world, has planned a business combination, allowing the firm to go public and gather capital for a greater digital transformation. The investment from Binance brings in a crypto expert that can help Forbes grow even more. Forbes CEO, Mike Federle, made light of this during a recent announcement, saying, “Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies…With Binance’s investment in Forbes, we now have the experience, network, and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators.” Binance CEO, CZ Zhao, said, “We look forward to bolstering Forbes’ Digital initiatives, as they evolve into a next-level investment insights platform.” A successful business combination is expected this quarter. At press time, Binance Coin was trading at just over $417, down more than a percent in early trading.