Visa in Talks to Acquire Fireblocks for About $2.5 Billion, Axios Reports; Fireblocks Denies It
Visa is in late-stage talks to acquire crypto custody firm Fireblocks for around Visa in talks to acquire crypto custody firm Fireblocks for around $2.5 billion: Axios.
, according to Axios, which cited multiple sources, as reported by The Block and The Defiant.
Fireblocks pushed back on the report. The company told Cointelegraph that claims of a potential $2.5 billion acquisition by Visa are “not true at present time.” CoinDesk also reported that Fireblocks denied it is in talks to be acquired by Visa. Visa declined to comment on the reported talks, according to Cointelegraph.
The Defiant noted that the reported negotiations would follow Mastercard’s completed acquisition of stablecoin infrastructure firm BVNK, a deal priced at up to The reported negotiations follow Mastercard’s completed acquisition of BVNK, a stablecoin infrastructure deal priced at up to $1.8 billion.
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As of now, the only confirmed facts are the Axios report citing unnamed sources and Fireblocks' public denial of it.
Sources: The Block, The Defiant, CoinDesk, Cointelegraph
This article is for information only and is not financial advice.
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