Binance, led by the world’s richest crypto billionaire, is taking a $200 million stake in Forbes
FEB 11, 2022
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.
Forbes just announced that Binance is rebranding as a public company listing on the NYSE under the ticker FRBS.
Companies will be deploying the huge amounts of money raised in recent fundraising rounds this year.
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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