Mastercard plans to acquire stablecoin infrastructure startup BVNK for up to $1.8 billion
ChainCatcher news, according to Bloomberg, Mastercard plans to acquire the stablecoin infrastructure startup BVNK, with the transaction amount reaching up to $1.8 billion, including $300 million in contingent consideration. This acquisition comes just four months after BVNK's $2 billion merger negotiations with a certain exchange broke down. Both parties jointly issued a statement on Tuesday confirming the transaction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta Platforms rises 4.5%, leading gainers among top US stocks by trading volume
Iridium shareholders back Rocket Lab acquisition deal valuing IRDM at USD 54 per share
