https://www.foxbusiness.com/media/forbes-pursues-spac-talks-amid-new-takeover-interest-sources Forbes pursues SPAC talks Forbes joins other media companies including Bustle Digital Group and BuzzFeed in pursuing a SPAC deal. SPACs are shell companies that raise funds in an initial public offering with the aim of merging with a private company, which becomes public as result. In the past year, they have become a popular alternative to a traditional IPO.