Forbes Media LLC is in talks over potentially going public through a merger with a
special purpose acquisition company (SPAC) as it’s also reviewing two offers to sell the
company, Reuters reports.

A prospective agreement with a SPAC allows for Forbes to go public on the U.S. stock
market, enabling the current owners to profit from any share price increase on their
remaining stakes.

However, should Forbes decide to accept any of the two bids for the company, it would
result in them remaining a private entity. According to the report, Borderless Services
Inc. is one of the bidders for Forbes, and they’re coming in with a $700 million bid.

Meanwhile, the other bid is from a consortium led by tech investor Michael Moe, but
their offer is undisclosed.

“We have no comment, but investors have consistently shown interest in Forbes, which
has produced three years of record results. 2021 is shaping up to be a strong year as
well,” a Forbes spokesperson said.

Seven years ago, Integrated Whale Media Investments purchased 95-percent of the
company, with the remaining stake remaining to the Forbes family. Now it seems as
though the Hong Kong-based investor group could be looking to sell its stake in the
company less than a decade since becoming the majority owner.

Forbes Media LLC is in talks over potentially going public through a merger with a
special purpose acquisition company (SPAC) as it’s also reviewing two offers to sell the
company, Reuters reports.

A prospective agreement with a SPAC allows for Forbes to go public on the U.S. stock
market, enabling the current owners to profit from any share price increase on their
remaining stakes.

However, should Forbes decide to accept any of the two bids for the company, it would
result in them remaining a private entity. According to the report, Borderless Services
Inc. is one of the bidders for Forbes, and they’re coming in with a $700 million bid.

Meanwhile, the other bid is from a consortium led by tech investor Michael Moe, but
their offer is undisclosed.

“We have no comment, but investors have consistently shown interest in Forbes, which
has produced three years of record results. 2021 is shaping up to be a strong year as
well,” a Forbes spokesperson said.

Seven years ago, Integrated Whale Media Investments purchased 95-percent of the
company, with the remaining stake remaining to the Forbes family. Now it seems as
though the Hong Kong-based investor group could be looking to sell its stake in the
company less than a decade since becoming the majority owner.

Forbes Media LLC is in talks over potentially going public through a merger with a
special purpose acquisition company (SPAC) as it’s also reviewing two offers to sell the
company, Reuters reports.

A prospective agreement with a SPAC allows for Forbes to go public on the U.S. stock
market, enabling the current owners to profit from any share price increase on their
remaining stakes.

However, should Forbes decide to accept any of the two bids for the company, it would
result in them remaining a private entity. According to the report, Borderless Services
Inc. is one of the bidders for Forbes, and they’re coming in with a $700 million bid.

Meanwhile, the other bid is from a consortium led by tech investor Michael Moe, but
their offer is undisclosed.

“We have no comment, but investors have consistently shown interest in Forbes, which
has produced three years of record results. 2021 is shaping up to be a strong year as
well,” a Forbes spokesperson said.

Seven years ago, Integrated Whale Media Investments purchased 95-percent of the
company, with the remaining stake remaining to the Forbes family. Now it seems as
though the Hong Kong-based investor group could be looking to sell its stake in the
company less than a decade since becoming the majority owner.