The world’s most used cryptocurrency exchange Binance is investing $200 million from Forbes, a 104-year-old magazine and digital publisher.
According to CNBC’s report, this investment made Binance, the company’s one of the two largest owners will do and the cryptocurrency exchange will also own two of the nine total board seats.
Forbes previously announced plans to go public with the Magnum Opus in August last year, and that the deal It is expected to be completed in the first quarter of 2022.
Forbes said in a statement on its official website:
With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading cryptocurrency exchange and the world’s most successful blockchain technology.
in 1917 The company founded by columnist BC Forbes 97 years After staying with the Forbes family throughout 95% sold the stake to a group of Hong Kong-based investors.