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Forbes’ Would-Be Acquirer Outlines Blockchain Media Strategy
There are at least two competing bids to buy out storied chronicler of capitalism Forbes Media LLC. It’s a competitive race that speaks to the disruption reshaping the current media landscape, as well as an increasingly frothy financial ecosystem where new economic models – from novel cryptocurrencies to less-traditional investment strategies – are making their presence known. Reuters reported last week that Forbes’ owners are considering a bid from tech investor Michael Moe, who would merge the media giant with an unnamed special purpose acquisition company (SPAC). Also reported was a $700 million offer from ... (full story)