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Forbes Going Public In SPAC Deal That Values Century-Old Brand At $630 Million

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deadline.com
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Forbes Global Media, the business information brand that started with a 104-year-old magazine, is going public by merging with a SPAC — or special purpose acquisition company — in a deal that values the company at $630 million.The news hits amid a wave of digital media deals including a major one earlier today when German publisher Axel Springer announced it’s buying Politico.Nextstar Media acquired The Hill last week.

Vox Media, owner of The Verge and New York Magazine, is acquiring Punch, an outlet that covers drinks and cocktail culture, and is said to be eying an IPO.

So is Vice.Buzzfeed kicked off the frenzy in late June when it announced a SPAC merger and acquisition of Complex Networks. Group Nine — parent of PopSugar, Thrillist,

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