Cryptocurrency exchange Binance to invest $200 million in Forbes. This has raised concerns about the magazine's and digital platform's future independence.
Forbes is a business magazine published in the United States that is owned by Integrated Whale Media Investments and the Forbes family. According to a spokesperson for Binance, Forbes' editorial independence will be "sacrosanct" following the transaction. Forbes will become a publicly traded company on the New York Stock Exchange once the transaction is completed. According to Forbes, the funds will be used to help the company carry out its plan to merge with Magnum Opus Acquisition, a publicly traded special purpose acquisition company.