Forbes Media LLC is in talks about a merger with special-purpose acquisition company (SPAC), Magnum Opus Acquisition Ltd., which would lead to the company going public at a value of more than $650 million, sources told Bloomberg on Tuesday (Aug. 17).
Forbes had been in talks with GSV Asset Management about an acquisition that would have kept the business news media company private before Magnus Opus emerged as an option, per the report. Forbes spokesman Bill Hankes declined to comment, as did representatives for Magnum Opus.