News Formal

Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162 million

  • 📰 NigeriaNewsdesk
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162 million via todayng

WonderFi agreed to pay close to 206 million Canadian dollars to acquire First Ledger Corp., the parent company of BitBuy. WonderFi aims to become an end-to-end consumer platform for crypto and DeFi, according to the official announcement.

The transaction details revealed that WonderFi would fund the acquisition by issuing 70 million new shares and paying $15.7 million in upfront cash and $23 million in deferred cash via a vendor-takeback note due in 12 months. “WonderFi will retain substantially all current Bitbuy employees and enter into employment agreements with key members of the management team,” the announcement reads.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 10. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apple hits $3trn market value -- now worth more than ALL cryptocurrencies | TheCableApple has become the first American company to reach a market capitalisation of $3 trillion.
La source: thecableng - 🏆 2. / 80 Lire la suite »

Apple hits $3 trillion market valueIn August 2018, the company crossed the $1 trillion mark.
La source: PremiumTimesng - 🏆 3. / 78 Lire la suite »