Media Fortune Fame & Folly

Forbes may pull listing

An early 2022 stock market listing for Forbes appears to be in doubt as its SPAC partner, Magnus Opus Acquisition, has doubts about the deal following the lacklustre listing of Buzzfeed at the end of 2021. Axios has reported that US investment company GSV is interested in buying Forbes outright, with Chinese parent company Integrated Whale Media keen to divest. The proposed deal is said to be worth $620m, just $10m less than the touted IPO and a $30m “saving” for GSV which had considered acquiring the company earlier last year. We shall see.

Forbes