Sina Technology News reported on the evening of August 26, Beijing time. According to reports, Forbes Global Media Holdings (Forbes Global Media Holdings), an American business news and information publisher with a long history, announced today that it plans to go public through a merger with a “special purpose acquisition company” (APAC).

According to Forbes, it will merge with Magnum Opus. After tax benefits were deducted, the deal was worth about $630 million (enterprise value) for the company. The deal is expected to close by the end of the fourth quarter of this year or the beginning of the first quarter of next year.

Once the deal is complete, Forbes will trade on the New York Stock Exchange under the symbol “FRBS”. The company's current management team, including CEO Mike Federle (Mike Federle), will remain in office. Forbes said the new merged company will announce new board members later.

Forbes said the move will “further leverage its successful digital transformation, leveraging technology and data-driven insights to create a more deeply engaged audience and associated high-quality and recurring revenue streams.”

Over the past year, SPAC deals have become an increasingly popular route to listing, and several digital publishers, including BuzzFeed, Bustle Digital Group, Vox Media, and InnoMedia, have all negotiated a listing through SPAC.