Forbes to go Public via $630m SPAC Merger

Forbes to go Public via $630m SPAC Merger

Forbes, a long-standing media publication, announced it plans to go public via a merger with a publicly traded special purpose acquisition company. The company, merging with Magnum Opus Acquisition, is expected to be valued at an implied pro forma enterprise value of...
KKR-backed Axel acquires Politico for $1bn

KKR-backed Axel acquires Politico for $1bn

German publisher Axel Springer announced that it plans to acquire digital media site Politico. The companies did not disclose a price for the deal, but a person familiar with the matter said Politico sold for about $1bn. Spokespeople for Axel Springer and Politico did...