Forbes Explores Sale After SPAC Deal Collapses

Forbes has tapped Citigroup to sell at a price of at least the $630 million valuation declared in its earlier process to go public through a blank-check company, The New York Times reports.

Forbes shareholders in June terminated a $630 million merger agreement with Magnum Opus Acquisition. The news came amid a downturn in sentiment for blank-check deals as regulatory scrutiny of SPACs tightens. Read more.

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