Chinese Communist Party seeks to buy Forbes media

A Chinese-controlled firm’s bid to buy the Forbes media company poses a national security threat and would allow the Chinese Communist Party to push its propaganda by using one of the most recognizable American brand names, according to a group of Republican senators.

“Forbes is a recognizable American brand with immense propaganda value to the CCP,” Sens. Tom Cotton (Ark.), Bill Hagerty (Tenn.), Ted Cruz (Texas), and Bill Cassidy (La.) wrote on May 24 to the Treasury Department, demanding the Biden administration launch an investigation into the proposed purchase. “The CCP’s direction of Forbes’ editorial content and business operations, or its access to Forbes’ financial and personal research, could present a serious national security threat to the United States.”

Forbes announced in August that it was preparing to be acquired by Magnum Opus Acquisition Limited, which is “controlled by the Chinese Communist Party,” according to the senators.

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