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AlphaTON's Bold Move: Targeting Forbes Media With Blockchain Tech
Digital asset firm AlphaTON Capital just dropped a bombshell—they’ve filed to acquire 51% of Forbes Media Holdings. Stock popped 20% in pre-market trading, hitting $3.57 on Nasdaq.
Here’s the play: Phase 1 secures controlling stake, then Phase 2 goes for the remaining shares. The endgame? Merge Forbes’ century-old credibility with blockchain verification tech to build a trustworthy media operation for financial news and Web3 content.
CEO Brittany Kaiser framed it perfectly: “Forbes’ brand + our blockchain verification = game-changing media integrity.”
Why it matters:
The catch? Deal hasn’t closed yet. Whether Forbes can actually transition to Web3 credibility champion or becomes another failed media-crypto experiment—time will tell. Market clearly thinks the combo has legs though.