Binance, led by the world’s richest crypto billionaire, is taking a $200 million stake in Forbes

FEB 11, 2022

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Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes.

Forbes is merging with a SPAC. The merger will help it execute on the plan.

Binance will replace half of the $400 million in commitments from institutional investors announced by Forbes in August.

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Forbes just announced that Binance is rebranding as a public company listing on the NYSE under the ticker FRBS.

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Companies will be deploying the huge amounts of money raised in recent fundraising rounds this year.

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Binance is the world’s major cryptocurrency exchange, founded in China. It has started working with its founder NEO to select a location for its headquarters.

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