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Fireblocks disputes report of talks for a $2.5 billion acquisition by Visa

FinanceInternationalTradingView40 s readAI summary
Image: TradingView

Fireblocks, a crypto custody and infrastructure provider, disputed a report that Visa is in advanced talks to acquire it for about $2.5 billion. A Fireblocks spokesperson told Cointelegraph that the information "is news to us and, at the moment, is not true." Axios had reported the talks, citing multiple sources. The reported price would represent a discount to the valuation of more than $8 billion that Fireblocks disclosed after its $550 million Series E round in January 2022. Visa said it does not comment on "rumors or speculation."

In 40 seconds

  • Fireblocks said the information about a possible purchase by Visa is not true.
  • Axios reported advanced talks at about $2.5 billion, citing multiple sources.
  • The reported figure is below the valuation of more than $8 billion disclosed after the $550 million Series E in January 2022.
Read the full story at TradingView

IASummary generated by artificial intelligence from a story by TradingView. It may contain errors: the original source prevails.

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