AlphaTON Capital submits offer to acquire majority stake in Forbes Media

AlphaTON Capital (ATON) submitted a Letter of Intent to acquire a 51% controlling interest in Forbes Media Holdings. The proposed acquisition is part of AlphaTON’s broader strategy to build a verified, immutable media ecosystem resilient to the challenges of the AI era. The offer outlines a two-phase acquisition strategy designed to build on the Forbes brand and integrate it into AlphaTON’s growing media arm, which recently announced its intention to acquire Blockchain Wire. AlphaTON Capital’s offer is driven by four key strategic pillars designed to build on the legacy media giant: Building on a Major News Brand: Forbes is one of the world’s most recognizable media and licensing brands. AlphaTON views FMH as the ideal cornerstone for a modern media empire that combines legacy prestige with Web3 innovation. Licensing for AI and LLMs: As demand for high-quality, verified data to train Large Language Models skyrockets, Forbes’ extensive archive of proprietary content represents a significant, underutilized asset. AlphaTON plans to leverage blockchain technology to license this data securely and transparently and encrypt all of Forbes’ legacy and future content on the TON blockchain, and feed LLMs running on Telegram’s Cocoon AI network. Creating a Digital Asset News Powerhouse: The acquisition would position Forbes as the premier international organization for honest, data-driven business news, with a specialized focus on digital assets and cryptocurrency markets-a sector currently underserved by traditional legacy media. Synergy with AlphaTON Media: The move aligns perfectly with the company’s AlphaTON Media arm. By integrating Forbes with the recently announced LOI to acquire Blockchain Wire, AlphaTON aims to use blockchain technology to provide immutable, verified sources for content. This “proof of truth” approach is intended to combat disinformation and deepfakes in an increasingly AI-generated news cycle. Subject to the satisfaction of conditions described in the LOI, AlphaTON proposes a two-phase acquisition: Phase 1: AlphaTON Capital would acquire 51% of the issued and outstanding equity interest in FMH and its subsidiaries. Payment would be made in United States Dollars or USD Stablecoin. Phase 2: Subject to the successful closing of Phase 1, AlphaTON would consider acquiring the remaining percentage of issued and outstanding shares of FMH equity.