By William Turvill
Asset management firm GSV is lining up a $620m takeover bid for Forbes Media, according to an Axios report.
Business news company Forbes is due to list on the stock market in early 2022 through a merger with a special-purpose acquisition company (SPAC).
But GSV, in partnership with other institutional investors and family officers, wants to derail that process, according to the Axios report.
Source: Axios
Deal value: $620m
Country: US
Status: Report
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