![]() Forbes Media’s brand extensions include real estate, education and financial services license agreements.įorbes recently announced plans to go public through a business combination with Magnum Opus (NYSE: OPA), a special purpose acquisition company (SPAC), which is expected to close in Q1 of 2022. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 46 licensed local editions in 77 countries. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. To learn more about this transaction, visit Forbes’ Investor Relations.įorbes champions success by celebrating those who have made it, and those who aspire to make it. We look forward to bolstering Forbes’ Digital initiatives, as they evolve into a next level investment insights platform,” said Changpeng ‘CZ’ Zhao, Founder and CEO, Binance.Īs part of this transaction, Patrick Hillmann, Chief Communications Officer for Binance and Bill Chin, Head of Binance Labs, the Venture Capital Arm and Incubator of Binance, will join the Forbes Board of Directors upon the successful closing of the business combination transaction, expected this quarter. “As Web 3 and blockchain technologies move forward and the crypto market comes of age we know that media is an essential element to build widespread consumer understanding and education. Forbes, already a resource for people interested in the emerging world of digital assets, can become a true leader in the field with their help.” “With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators. “Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets,” said Mike Federle, CEO, Forbes. ![]() With Binance assuming existing PIPE commitments, the overall size of the PIPE will remain at $400 million, and Binance’s investment will be according to substantially the same terms as the existing PIPE investors. The cast of performers includes an orchestra, a large mixed choir, an instrument with visual effects, dancers, a procession, incense, and rhythmic textural articulation.Forbes and Magnum Opus earlier announced plans to pursue a business combination, expected to close Q1 of 2022, through which Forbes would become a publicly traded company on the New York Stock Exchange trading under the ticker symbol “FRBS.” Going public will enable Forbes to further capitalize on its successful digital transformation, using technology and data-driven insights to create more deeply engaged audiences, and associated high-quality and recurring revenue streams.īinance’s strategic investment will be through Binance’s assumption of subscription agreements representing $200 million of commitments in the $400 million private investment in public equity (“PIPE”) that was previously announced along with Forbes’ intention to go public via a business combination with Magnum Opus. “The work requires special people, special artists and a completely new culture. ![]() All will be participants,” the composer said. The performance would feature dancers, poetry, perfumes, colours – Scriabin was a famous synesthete – and would even include bells hanging down from the very clouds themselves. The immense seven-day (or more) multi-media spectacle was intended to take place in the foothills of the Himalayan mountains, and would involve all kinds of musicians and artists. Gesamtkunstwerkseem a low bar to hurdle – was designed to bring about the end of the world, no less. Mysterium– a proposed synthesis of art-forms that make Wagner’s But it was in the composer’s final work, incomplete at his death, that he allowed his egomaniacal dreams free reign. “I am God,” he would later write in one of his secret philosophical journals. Since his youthful days as a child prodigy, Russian composer Alexander Scriabin dreamed big.
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