Binance has invested $200 million in Forbes, a business magazine and digital publisher based in the United States that is owned by the Forbes family and Integrated Whale Media Investments. According to a CNBC story shared on Twitter by Binance, the investment “is the first move into a marketplace that has incredibly high potential when it comes to adoption of Web 3.0 based solutions.” Forbes wants to go public through a special purpose acquisition company (SPAC) agreement with Magnum Opus.
Binance has been successful, according to Forbes CEO Mike Federle, when it comes to blockchain technology and the up-and-coming digital asset business. “With Binance’s investment in Forbes, we now have access to the experience, network, and resources of the world’s largest crypto exchange, as well as one of the world’s most successful blockchain inventors,” Federle explained. “With their assistance, Forbes, which is currently a resource for anyone interested in the burgeoning world of digital assets, may become a true leader in the industry.”
Binance’s founder, Changpeng ‘CZ’ Zhao, believes that the company’s cooperation with Forbes will help promote Forbes’ digital activities.
Binance founder Changpeng Zhao stated:
“As Web3 and blockchain technology advances and the crypto market evolves, we recognise that media is an important component in fostering consumer understanding and education.” “As Forbes expands into a next-generation investing insights platform, we’re pleased to support their digital efforts.”
Hmm, these types of investments are a dream for any business. That’s all happening between Forbes and Binance.
