The initial involvement of ’s sovereign wealth fund in a deal to take over Forbes is raising concerns about the potential for censorship at the venerable US business news outlet.In a deal valued at $620 million, Forbes is set to go public by the end of February through a merger with Hong Kong-based Magnum Opus Acquisition, a special purpose acquisition company, or SPAC, that was initially formed with financial backing from the Chinese government.China's sovereign wealth fund, China Investment Corporation, owned a 5.8 percent stake of the shell company when it went public last March. The Chinese government fund has since disposed of its shares, it disclosed just last week.
Load More
Load More