With Forbes SPAC Deal on the Brink, A New Deal Emerges

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Plans to take the Forbes media kingdom public through an SPAC merger could be falling through, and the publication's Chinese ownership is looking for a way out.

Axios reported Tuesday that American investment firm GSV is lining up to buy the 104-year-old, storied financial publication just two weeks after 15-year-old media disruptor Buzzfeed's SPAC deal tanked. A pact with Chinese blank-check company Magnum Opus Acquisition is now in doubt.

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Source Fool.com