The statement did not reveal a price but said it would fund the deal with US dollars or stablecoin. AlphaTON has announced its recent plans to acquire Blockchain Wire.
A spokesperson for Forbes said: “We have not been contacted and have not received a formal offer from this company.”
While Forbes has fielded offers and potential deals in the past, a person within the media organization said it had never heard of AlphaTON Capital.
AlphaTON Capital calls itself a “specialized digital asset treasury company focused on building and managing a strategic reserve of TON tokens and developing the Telegram ecosystem.”
According to GuruFocus.com, the company is currently reporting no revenue growth earnings per share (EPS) at a concerning -64.67. This negative profitability is further emphasized by: return on equity (ROE) of -3446.62% and a return on assets (ROA) of -1499.48%, indicating significant operational challenges.”
In 2023, a consortium proposed to buy Forbes for $800 million. Last year, Koch’s private equity department explored a deal to buy the company.
Forbes hired investment bank Citibank to explore a deal in 2022 after a plan to go public fell through.
AlphaTon outlined plans to encrypt Forbes’ current and historical content on the TON blockchain. It also said it could buy the remaining 49 percent of the company.
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