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Binance’s $200 Million Forbes Deal is ‘Changing,’ CEO Zhao Says

  • CEO Changpeng Zhao did not specify how Forbes terms may change
  • Zhao ‘still hoping’ that Musk proceeds with Twitter buyout
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WATCH: Scroll to 2’17” for Zhao’s comments on media investments.Source: Bloomberg

Binance Holdings Ltd.’s agreement to invest $200 million in Forbes is “changing” after the publisher’s deal to go public via a so-called SPAC fell through, the crypto exchange’s Chief Executive Officer Changpeng ‘CZ’ Zhao said.

In an interview with Bloomberg TV, Zhao reiterated that Binance still wants to make the investment, though he didn’t give any details on how the terms would change.