Category: Acquisitions

South Korean gaming giant Nexon denies reports that it plans to acquire Bithumb

South Korean gaming giant Nexon denies reports that it plans to acquire Bithumb

South Korean gaming giant Nexon has denied that it plans to acquire crypto exchange Bithumb, as local media outlets claimed last week. “NEXON Co., Ltd. has not invested in Bithumb and has no plans to acquire that company,” Nexon spokesperson Jeff Brown told The Block in an email Sunday. “We cannot comment on the investment […]

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Data & Analytics firms are ripe candidates for M&A activity in 2021

Data & Analytics firms are ripe candidates for M&A activity in 2021

Quick Take An increase in regulatory and compliance mandates for the industry will continue to make data & analytics companies more attractive Dating back since 2016, there’s been a total of roughly $460.7 million in M&A volume across 26 transactions Crypto tax software companies will likely be desirable to exchanges, external players looking to enter […]

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Coinbase acquires crypto trade execution startup Routefire

Coinbase acquires crypto trade execution startup Routefire

Coinbase has acquired crypto trade execution startup Routefire for an undisclosed sum. Routefire announced the news on Thursday, saying that it will cease its services and join Coinbase to continue developing execution services for digital assets. Founded in 2017, San Francisco-based Routefire claims to have the best technology to help institutional customers fill large orders […]

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South Korean gaming giant Nexon is preparing to acquire crypto exchange Bithumb for about $460 million: Report

South Korean gaming giant Nexon is preparing to acquire crypto exchange Bithumb for about $460 million: Report

South Korean gaming giant Nexon is reportedly preparing to acquire Bithumb, the country’s biggest cryptocurrency exchange, for around 500 billion won (~$460 million). Local outlet Maekyung reported the news on Thursday, saying that Nexon is known to have signed a memorandum of understanding with Bithumb at the beginning of this month to acquire its 65% […]

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PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

PayPal’s rumored acquisition talks with crypto custodian BitGo have fallen through, Fortune reported Thursday, citing “multiple sources.” In October, there were reports that BitGo could get acquired by PayPal, among other crypto companies. The payments giant is now reportedly exploring other potential buys. Meanwhile, BitGo has been “in talks with everyone” over the years, and […]

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