According to Bloomberg, Ripple had proposed an acquisition of stablecoin issuer Circle Internet Group Inc. for between $4 billion and $5 billion, but the offer was rejected as too low. Circle is focused on advancing its IPO plans submitted earlier this month, while Ripple has yet to decide whether to make a new acquisition offer. Circle declined to comment on market rumors and stated that due to the current SEC regulatory quiet period, it cannot disclose further financial plans.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ripple once proposed an acquisition of the stablecoin issuer Circle for between 4 billion and 5 billion USD.
According to Bloomberg, Ripple had proposed an acquisition of stablecoin issuer Circle Internet Group Inc. for between $4 billion and $5 billion, but the offer was rejected as too low. Circle is focused on advancing its IPO plans submitted earlier this month, while Ripple has yet to decide whether to make a new acquisition offer. Circle declined to comment on market rumors and stated that due to the current SEC regulatory quiet period, it cannot disclose further financial plans.