By Bron Maher
Forbes has formally ended its plan to go public through a merger with a special-purpose acquisition company (SPAC).
The business news publisher attributed the move to the bad fortunes of the SPAC market, hinting the deal may not have done credit to Forbes’ underlying value. The company may now explore bids from private buyers.
Source: Press Gazette
Deal size: $630m
Country: US
Status: Official
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