Brief: Forbes Announces $200 Million Strategic Investment From Binance

Magnum Opus Acquisition

10/02/2022 13:44

Feb 10 (Reuters) - Forbes: 
    * FORBES ANNOUNCES $200 MILLION STRATEGIC INVESTMENT FROM
BINANCE
    * FORBES - WITH BINANCE ASSUMING EXISTING PIPE COMMITMENTS,
OVERALL SIZE OF PIPE WILL REMAIN AT $400 MILLION
    * FORBES - BINANCE'S INVESTMENT WILL BE ACCORDING TO
SUBSTANTIALLY
SAME TERMS AS EXISTING PIPE INVESTORS
    * FORBES - BINANCE'S INVESTMENT WILL BE THROUGH BINANCE'S
ASSUMPTION OF SUBSCRIPTION AGREEMENTS REPRESENTING $200 MILLION
OF COMMITMENTS IN $400 MILLION PIPE
    * FORBES - PATRICK HILLMANN, BILL CHIN WILL JOIN FORBES
BOARD

Source text for Eikon:  ID:nBw5fsd33a 
Further company coverage:  OPA.N 

 ((Reuters.Briefs@thomsonreuters.com;))