Forbes

English Premier League powerhouse Chelsea FC is on the sale block as the result of pressure on team owner Roman Abramovich. What Happened: Abramovich said the sale will be completed in “due process.” The owner also said he will not ask for loans he provided to the team to be repaid...

Forbes is expected to go public via merger with the special purpose acquisition company Magnum Opus Acquisition Ltd (NYSE: OPA) during the first quarter.  The world's largest cryptocurrency exchange, Binance, is making a $200-million strategic investment...

A leading financial media company could have an alternative to a previously announced SPAC merger, according to a new report. What Happened: Investment firm GSV Asset Management could be bidding to buy Forbes Media in an alternative buyout for the company versus a previously announced SPAC merger,...

Cannabis retailer MedMen Enterprises Inc. (CSE:MMEN) (OTCQX: MMNFF) is opening a new store in Boston's Fenway Park - its first in Massacusssets. Located on 120 Brookline Avenue, the 4,725 square-foot shop will kick off cannabis sales on Wednesday, Dec. 22. "As we continue to execute...

For the first time ever, a National Hockey League is valued at $2 billion in the annual valuation rankings from Forbes. Here’s what the valuation estimate and recent acquisition activity in the space could mean for the owner of the Rangers, which is publicly traded. What Happened: The average...

The only publicly traded National Football League team is offering shares to the public for just the sixth time in history. Here are the details. What Happened: The Green Bay Packers are offering shares of the team for sale beginning Nov. 16. Shares will be sold at a price of $300 each and an...

The rise in valuation of Tesla Inc (NASDAQ: TSLA) shares has increased the wealth of its CEO, generating some incredible stories of just how rich Elon Musk is. The latest figure and what it means may shock you. What Happened: Musk is worth $287 billion as of Oct. 26. The figure from the Bloomberg...

For the first time since 1999, the Atlanta Braves are back in the World Series. Fans of the Braves and baseball have many options as they can watch the game, bet on the game or buy stock in one of the two teams playing. What To Know: The Braves are publicly traded as Liberty Braves Group (NASDAQ:...

The United States Securities and Exchange Commission (SEC) signed a deal with blockchain analytics firm AnChain.AI to help its efforts in monitoring the decentralized finance (DeFi) space. What Happened: According to a Forbes report, AnChain.AI CEO and Co-Founder Victor Fang explained...

An iconic financial media brand is going public with plans to continue its digital transformation. The SPAC Deal: Forbes Global Media Holdings announced Thursday a SPAC deal with Magnus Opus Acquisition Limited (NYSE: OPA). The deal values the company at a pro forma enterprise value of $...

Viewership of many women’s sports leagues is rising, but advertising dollars and wages remain significantly lower than that of men’s sports, a new study found. What Happened: Viewership of the National Women’s Soccer League grew 300% to over 650,000 viewers. The league has...

Musician and actress Rihanna is now a billionaire according to new valuation rankings from Forbes. While her music helped Rihanna get to this significant milestone, it was her entrepreneurship and beauty companies that really catapulted her. What Happened: Born Robyn Fenty, Rihanna has created...

What Happened: Two senior analysts at JPMorgan Chase estimate that the launch of Ethereum (CRYPTO: ETH) 2.0 could create a staking industry worth $40 billion by 2025. According to a report seen by Forbes, the Ethereum blockchain’s transition to a more energy-efficient Proof-of-Stake (PoS...

What Happened: A new deal between enterprise payments company NCR Corporation (NYSE: NCR) and institutional digital asset custodian NYDIG Bitcoin Strategy Fund (BTCNX) could see 650 U.S. banks offering Bitcoin (CRYPTO: BTC) purchases to their customers. According to a report from Forbes, an...

Despite a wealth of $162.8 billion and title of the world’s second-richest person (at this time), Elon Musk is shrinking his real estate assets and now lives in a $50,000 house. What Happened: Musk, the CEO of Tesla Inc (NASDAQ: TSLA), made a promise of selling his $130 million in real estate...