acquisition

According to reports, people familiar with the matter said that First Citizens BancShares of the United States is in in-depth negotiations to acquire Silicon Valley Bank, and an ag

It is reported that the stable currency aggregation agreement mStable community has voted to approve the acquisition of the agreement by dHedge, an on-chain asset management service. dHedge plans to increase the stable currency yield of mStable through its Toros Finance platform. Interpretation of this information: The mStable community has reportedly voted in favor of a proposed acquisition by dHedge, an on-chain asset management service. The acquisition is expected to help increase the stable currency yield of mStable through the use of dHedge’s Toros Finance platform. The acquisition comes as…

On March 24th, according to local time on the 23rd, a person familiar with the matter said that United Bank, a US customer, was considering acquiring all or part of the assets of Bank of Silicon Valley. According to reports, the bank has been seeking co investors to cooperate in completing the transaction. A person familiar with the matter said that the customer Unity Bank had not yet made a final decision. In addition, it was reported that Citizen Financial Group of America was interested in acquiring the private banking…

According to reports, under the mediation of the Swiss government, UBS agreed to acquire rival Credit Suisse for 3 billion Swiss francs and agreed to bear losses of up to $5.4 billion. UBS said that the 22.48 shares held by its shareholders would be exchanged for one UBS share, equivalent to 0.76 Swiss francs per share, for a total consideration of 3 billion Swiss francs. The transaction is expected to be completed by the end of 2023, with annual cost savings of approximately $7 billion by 2027. The Swiss Central…

According to reports, according to the Financial Times, UBS has proposed to acquire Credit Suisse for up to $1 billion. The Swiss authorities are planning to amend the country’s laws to bypass shareholder votes on the deal, as they are eager to finalize the deal by Monday. Four people familiar with the matter said that an all stock transaction between Switzerland’s two largest banks would be signed as early as Sunday night, and the transaction price would be only a small portion of Credit Suisse’s closing price on Friday, which…

According to reports, in response to the previous news that “BlackRock is preparing to bid for Credit Suisse”, a BlackRock spokesman responded that BlackRock will not participate in any plan to acquire all or part of Credit Suisse’s business. Interpretation of this information: The recent news of BlackRock purportedly preparing to bid for Credit Suisse has been met with a swift response. A spokesperson for BlackRock has declared that the investment management firm has no plans to be involved in any acquisition of Credit Suisse’s business, be it partial or…

According to reports, according to British media local time on the 17th, UBS Group, another major Swiss bank, is discussing a full or partial acquisition of Credit Suisse Bank. The report quoted several sources as saying that the acquisition plan was encouraged by Swiss banking regulators. The boards of directors of the two banks will meet this weekend to discuss relevant matters. The two banks have not yet commented on this report. Interpretation of this information: The recent reports suggest that UBS Group, a significant Swiss bank, is discussing the…

According to reports, US regulators are considering holding securities under the names of Signature Bank and Silicon Valley Bank that have fallen below their purchase price, a move that will remove one of the possible obstacles to selling these two banks. According to people familiar with the matter, this is a routine practice after the Federal Deposit Insurance Corporation (FDIC) took over the bank, mainly facilitating the conclusion of acquisition transactions. Because if it involves assets with declining value, it will be more difficult to sell the relevant banks. People…

According to reports, Gabriel Leydon, CEO of Limit Break, the parent company of the NFT project DigiDaigaku, tweeted that Limit Break had completed the acquisition of the NFT platform FreeNFT, and the specific amount of the proposed acquisition was not publicly announced. FreeNFT is a Free to Own ecological Launchpad on which Digi Daigaku once drew a prize. Interpretation of this information: The news of Limit Break’s acquisition of FreeNFT has recently made headlines, leaving many to speculate about the reasons behind the move and the potential implications for the…

On March 14, according to the report of Blockworks that “CoinMarketCap under Coin An has shelved the acquisition of CoinDesk, the encrypted media”, CZ, the CEO of Coin An, responded on Twitter, “It is not ‘shelving’. It is not buying. It may be a good business. But it is not suitable for our geographical coverage”. Interpretation of this information: The recent news about CoinMarketCap’s decision to not proceed with the acquisition of CoinDesk, an encrypted media company, has been making rounds in the crypto industry. According to Blockworks’ report, CoinMarketCap,…

It is reported that according to a statement, HSBC acquired the British subsidiary of Silicon Valley Bank for £ 1. As of March 10, the British subsidiary of Silicon Valley Bank had loans of about 5.5 billion euros and deposits of about 6.7 billion pounds. The Bank of England said in a separate statement that it had facilitated the transaction, and customer deposits would be protected, and the transaction did not involve taxpayers’ money. Interpretation of this information: HSBC, one of the largest banks in the world, has recently acquired…

It is reported that according to a statement, HSBC acquired the British subsidiary of Silicon Valley Bank for £ 1. As of March 10, the British subsidiary of Silicon Valley Bank had loans of about 5.5 billion euros and deposits of about 6.7 billion pounds. The Bank of England said in a separate statement that it had facilitated the transaction, and customer deposits would be protected, and the transaction did not involve taxpayers’ money. Interpretation of this information: HSBC, one of the world’s largest banking and financial services organizations, has…

According to reports, sources revealed that JPMorgan Chase and PNC are among the potential acquirers who are negotiating to acquire SVB Financial Group, and the deal will exclude the part currently taken over by the US government. Sources said that Apollo Management and Morgan Stanley were also discussing the acquisition, and Apollo was interested in transaction financing or acquisition of some businesses. It is worth noting. According to the company’s 10K report in 2022, these three entities, namely SVB Private, SVB Capital and SVB Securities, are much smaller than the…

It is reported that the British government is trying to promote the acquisition of the British subsidiary of Silicon Valley Silver to prevent the impact from spreading to the entire technology industry, according to the Financial Times. A wealthy Middle East buyer has expressed interest. British technology company executives have been lobbying the government to mitigate the losses caused by their inability to use the bank’s account on Monday. Legally, the British subsidiary of Silicon Valley Bank is independent of the parent company headquartered in California, which was closed by…

It is reported that 0xloth, the anonymous strategic director of stable currency aggregation agreement mStable, said that due to the decline of product revenue and the withdrawal of major contributors (including co-founders), the platform is seeking acquisition or merger, and it is expected that at least four DeFi projects will submit acquisition proposals for mStable before the end of Friday. As of the time of press release, dHEDGE, an on-chain asset management service, has submitted its first offer on the mStable forum. The holders of the governance token MTA of…

It is reported that according to CNBC, a large financial institution is considering the possibility of acquiring Silicon Valley Bank (SIVB. O). Banks in Silicon Valley fell by more than 50% before trading and rose by more than 50% before trading was suspended. Interpretation of this information: The recent report from CNBC suggests that a major financial institution is exploring the potential of acquiring Silicon Valley Bank, commonly known as SIVB.O. Following this news, the bank stocks in Silicon Valley experienced a sharp decline of over 50% in a short…

According to reports, Zhao Changpeng, founder of Coin An, tweeted that 97% of the 61300 Voyager account holders supported the current Binance. US restructuring plan. Previously, it was reported that Voyager had obtained the court’s approval to sell assets to Binance US at a price of 1.3 billion dollars. Interpretation of this information: The cryptocurrency industry has witnessed another significant development as Zhao Changpeng, the founder of Coin An, tweeted that 97% of the 61,300 Voyager account holders supported the current Binance US restructuring plan. This news is indeed significant…

It is reported that Voyager has been approved by the court to sell its assets to Binance US at a price of US $1.3 billion. According to Reuters, as part of the acquisition, Binance US will also pay Voyager US $20 million in cash based on the purchase of customer digital assets. Voyager said that its customer assets were valued at $1.3 billion in February, accounting for the majority of the acquisition valuation. The financial adviser of Voyager said in the court earlier that the company needed up to four…

On March 8, the Canadian blockchain company MineHub acquired Waybridge Technologies, a commodity ecosystem for metal industry consumers, and created end-to-end digital solutions for the supply chain from mining raw materials to the market. According to the terms of the transaction, MineHub will purchase Waybridge shares at a price of US $2.5 million, which will be merged into the company structure of MineHub. Scott Evans, the founder and CEO of Waybridge, will be appointed as a member of the Advisory Committee of MineHub and assist the MineHub executive team in…

On March 8, Animoca Brands Japan’s global entertainment company Rainshine Global reported that the investment amount was not disclosed. Interpretation of this information: Rainshine Global is a global entertainment company that recently reported the acquisition of Animoca Brands Japan. However, the investment amount was not disclosed. This suggests that the transaction may have taken place through a private deal or negotiation not requiring public disclosure. The acquisition of Animoca Brands Japan presents Rainshine Global with opportunities to expand their business in the gaming and entertainment industry. Animoca Brands Japan is…