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AlphaTON Capital Submits Strategic Offer to Acquire Majority Stake in Forbes Media Holdings
Globenewswire· 2025-11-24 12:00
Core Viewpoint - AlphaTON Capital has submitted a Letter of Intent to acquire a 51% controlling interest in Forbes Media Holdings, aiming to leverage the Forbes brand for verified AI data licensing and accurate financial news, establishing a new global digital assets news organization [1][3]. Group 1: Acquisition Strategy - The acquisition strategy consists of two phases, with the first phase involving the purchase of 51% of Forbes Media Holdings and its subsidiaries, with payment options in USD or USD Stablecoin [5]. - Phase 2 will consider acquiring the remaining shares of Forbes Media Holdings after the successful closing of Phase 1 [7]. Group 2: Strategic Rationale - The acquisition is driven by four strategic pillars: enhancing the Forbes brand, licensing for AI and Large Language Models (LLMs), creating a digital asset news powerhouse, and synergy with AlphaTON Media [3][6]. - Forbes is viewed as a cornerstone for a modern media empire that combines legacy prestige with Web3 innovation, addressing the need for trusted and verified information in an era of disinformation [3][6]. Group 3: Technology Integration - AlphaTON plans to utilize blockchain technology to license Forbes' extensive archive of proprietary content securely, aiming to create a high-integrity data source essential for the future of AI [4][6]. - The integration of Forbes with AlphaTON's media arm and the acquisition of Blockchain Wire is intended to provide immutable, verified sources for content, combating disinformation and deepfakes [6]. Group 4: Company Overview - AlphaTON Capital is a specialized digital asset company focused on the Telegram ecosystem, managing a strategic reserve of TON tokens and providing institutional-grade exposure to the TON ecosystem [8]. - The company is led by CEO Brittany Kaiser and focuses on developing Telegram-based applications and strategic investments in decentralized finance protocols [8].