The publication, owned by Integrated Whale Media and the Forbes family, reached an agreement to merge with Magnum Opus Acquisition, a publicly traded blank-check firm.
Forbes announced on Thursday that it planned to go public through a deal with a special-purpose acquisition company, or SPAC. The venerable business publication, owned by Integrated Whale Media and the Forbes family, said in a news release that it had reached an agreement to merge with Magnum Opus Acquisition, a publicly traded blank-check firm. The deal, which values the combined company at $630 million, is expected to close by the end of the year or early 2022.
