Forbes Media is discussing going public through a merger with Magnum Opus Acquisition, Bloomberg reports, citing people with knowledge with the matter.
Forbes is set to be valued at more than $650 million in a deal with the Hong Kong-based SPAC, the people said. A deal with Magnum Opus, if reached, would scuttle Forbes’s earlier talks with a consortium led by Michael Moe’s GSV Asset Management, one of the people said. That transaction, which would have seen the business-news publisher remain private, was slated to value it at more than $600 million. Read more.