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Published 2 years ago

Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

Summary by Ground News
BitGo has enlisted the services of law firm Quinn Emanuel to pursue legal action against Galaxy for not paying a $100 million reverse break fee it had promised back in March 2022. Galaxy announced its intention to acquire BitGo in May 2021 as part of plans to go public in the United States.

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CointelegraphCointelegraph

BitGo to sue Galaxy Digital for $100M over dropped acquisition

BitGo has enlisted the services of law firm Quinn Emanuel, pursuing legal action against Galaxy for not paying a “$100 million reverse break fee" allegedly promised in March.

2 years ago
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Coin DeskCoin Desk

Galaxy Digital Abandons $1.2B Plan to Acquire Crypto Custody Firm BitGo

The $1.2 billion deal was announced May 2021 and was expected to close by the end of that year.

2 years ago·Manila, Philippines
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decrypt.codecrypt.co

BitGo to Sue Galaxy Digital for Pulling Out of Acquisition Deal

BitGo says it will seek over $100 million in damages after Galaxy Digital announced the termination of its deal to acquire it.

2 years ago
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coinxhighcoinxhigh

Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing

Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously

2 years ago
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winnquick.comwinnquick.com

Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing – Bitcoin News

Galaxy Digital Holdings and the company's CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced

2 years ago
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DropTownDropTown

Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement

Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement Source link

2 years ago
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