Fireblocks Calls $2.5 Billion Visa Takeover Rumor ‘Not True’
By Unchained
AI summary of the source article
Fireblocks has denied reports claiming Visa was in late-stage talks to acquire the crypto custody and stablecoin infrastructure firm for roughly $2.5 billion. Coinbase was also reported as a potential buyer, but denied involvement.
Key facts
- Fireblocks stated reports of a roughly $2.5 billion acquisition by Visa are 'not true at present time.'
- Coinbase was also named as a potential buyer in reports, but denied any involvement.
- A $2.5 billion deal would value Fireblocks at less than a third of its $8 billion valuation from January 2022.
Source excerpt · Unchained
Axios had reported that the companies were in late-stage talks. The post Fireblocks Calls $2.5 Billion Visa Takeover Rumor ‘Not True’ appeared first on Unchained .