buyout News

The “hung” loans have led to bankers calling it the worst buyout since 2008.

Brad Garlinghouse, CEO of Ripple, said the company would be interested in companies owned by FTX that serve business customers.

According to an SEC filing, Twitter’s nine board members lost their place on the board as part of Elon Musk’s takeover deal.

After Elon Musk signaled his intention to continue the deal to buy the social media platform earlier in October, reports are emerging that the acquisition is almost over.

The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry.

The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius’ assets.

Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion.

Voyager hints that its customers will eventually transition to the FTX platform after it finishes its Chapter 11 bankruptcy proceedings.

“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.

Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”

The NFT marketplace buys the nearly five-year-old DeFi protocol but does not share financial terms.

Its "decentralized" Treasury has more than $45 million and would pursue similar YFI buybacks in the future.