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

📆 05/01/2022 01:11 p. m.
📰 NigeriaNewsdesk

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

México Noticias Noticias

México Últimas Noticias,México Titulares

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.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: thecableng - 🏆 2. / 80 Leer más »

Apple hits $3 trillion market valueIn August 2018, the company crossed the $1 trillion mark.
Fuente: PremiumTimesng - 🏆 3. / 78 Leer más »