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. 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. "The CCP's intent to wield the Forbes brand for its own purposes is clear," they wrote. China in 2020 spent $64 million funding its foreign agents, up from around $10 million in 2016, according to Axios.

Source: Forbes May 31, 2022 16:32 UTC