#Forbes scraps plan to go public via SPAC merger

Admin4 years ago06 mins

“Forbes scraps plan to go public via SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said it’s doing an about-face on its plans to go public through a merger with a blank-check acquisition firm. The deal, which was announced in August, would have taken the 104-year-old magazine and digital publisher public at a $630…

#Forbes to become public company through $630M SPAC merger

Admin5 years ago04 mins

“#Forbes to become public company through $630M SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said Thursday that it will go public through a merger with a blank-check acquisition firm in a deal that values the combined entity at $630 million. The company said it will merge with special purpose acquisition company Magnum…

#Forbes moves toward unionization as sale talks continue

Admin5 years ago04 mins

“#Forbes moves toward unionization as sale talks continue” Forbes Media employees are seeking to unionize at the most importune time for the company. The News Guild of New York on Tuesday said that “over 80 percent” of Forbes’ 105 editorial workers submitted cards seeking to be represented by the union. The news comes just as…