Magnum Opus Acquisition Limited (OPA) to Combine with Forbes Global Media in $685M Deal

Magnum Opus (NYSE:OPA) has entered into a definitive agreement to combine with media group Forbes at an enterprise value of $685 million, or 2.9x its 2022E revenue. Jersey City, New Jersey-based Forbes operates a media group including wholly-owned and licensed publications and manages branded invents internationally. The combined company is expected trade on the NYSE
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