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Forbes Plans to Go Public via Merger with SPAC


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Many companies are said to have shown interest in working with Forbes in its attempt to go public.
Forbes Media LLC, information and publishing media has been said to be working on merging with Special Purpose Acquisition Company (SPAC) as it works to go public. According to reports, the company has received many interests, with Borderless Services Inc proposing a bid of $700 million. It has been reported that these bids would cause Forbes to remain a privately held company.
An attempt to receive confirmation about the merger with SPAC was unfruitful. However, the spokesperson of Forbes revealed that many companies have shown interest, thanks to the three years of record results. ....

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Forbes pursues SPAC talks amid new takeover interest -sources


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Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources


Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources
By Joshua Franklin, Krystal Hu and Echo Wang
Reuters
NEW YORK (Reuters) - Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday.
Forbes owner is also fielding offers worth up to $700 million from bidders including a consortium led by tech investor Michael Moe and another offer from investment vehicle Borderless Services Inc, the sources said. Both of these bids would result in Forbes remaining a privately held company. ....

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