Merger

On April 25th, it was announced that US bankruptcy judge Martin Glenn has released a legal document regarding the Celsius Network and established a timeline, including estimates of

On April 22nd, Blockchain Moon Acquisition Corp. (BMAC) announced today that due to its inability to complete the initial business merger within the period required by its revised

On April 19th, Twitter Inc. informed the court that it had changed its name to X Corp., an entity registered in Nevada instead of Twitter\’s previous registered location in Delaware

On April 12th, it was announced that Bitdeer, a mining company under Wu Jihan, had approved their previously announced merger at the Blue Safari extraordinary shareholders\’ meeting

On April 11th, according to a court document disclosed by foreign media, Twitter Inc. recently revealed a significant development. The company is currently being sued by right-wing

According to reports, Canadian cryptocurrency trading platforms WonderFi (WNDR), Coinsquare, and CoinSmart have announced a merger to form one company. The three trading platforms

On April 2, according to a report by the Financial Times, Swiss federal prosecutors have launched an investigation into the acquisition of Credit Suisse by a larger competitor, UBS

On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suisse, potentially cutt

On March 28th, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition compa

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 Bank said it would provide liquidity assistance of 100 billion Swiss francs ($108 billion) to the merged banks. The Swiss Financial Market Supervisory Authority (FINMA) stated that all business activities of the two banks would likely continue without restriction or interruption. With the support of the Swiss government, Credit Suisse’s additional Tier 1 capital bond (AT1) with a nominal value of approximately 16 billion Swiss francs ($17.2 billion) will be…

On March 20th, the Chairman of Credit Suisse responded to the news that Credit Suisse would be acquired by UBS Group for 3 billion Swiss francs. A merger is the best outcome.
Credi

According to reports, Bill Ackermann, founder of Pershing Square Capital Management, tweeted, “I heard that Bank of America will acquire signature banks on Monday. Unless we can protect uninsured deposits, the cost of capital for small banks will rise, forcing them to merge or be acquired by SIB (System Important Bank). I don’t think this is beneficial for the United States.” Hedge fund giant Akman: Bank of America may acquire Signature Bank on Monday Analysis based on this information:The recent tweet by Bill Ackermann regarding Bank of America’s announcement to acquire the Signature Banks on Monday, has caused a lot of stir in the finance industry. While the acquisition may seem like a positive step for Bank of America, it could create a ripple effect on small banks. Ackermann’s concern is that small banks will bear the cost of capital due to the increased risk that comes with uninsured deposits. Small banks derive a significant portion of their funding from…

According to reports, the Financial Times quoted people familiar with the matter as saying that Credit Suisse, UBS and their main regulators are stepping up efforts to reach an agreement on the historic merger of Switzerland’s two largest banks, which will be reached as soon as Saturday evening. The Swiss Central Bank and the Swiss Financial Market Supervisory Authority (Finma) have stated to their international counterparts that they believe that reaching a deal with UBS is the only option to prevent the market from collapsing in confidence in Credit Suisse. Regulators in the United States, Britain, and Switzerland are considering the legal structure of the transaction, as well as several concessions UBS is seeking. People familiar with the matter: UBS and Swiss regulators will complete the transaction with Credit Suisse as soon as Saturday evening Analysis based on this information:Reports suggest that Credit Suisse and UBS, Switzerland’s two largest banks, are edging ever closer to a historic merger deal. According…

It is reported that the stable currency aggregation protocol mStable community has launched MIP-30 to determine its future development path. Options include being acquired by dHE DGE or Origin Protocol, merging with SpoolDAO or Idle Finance, and stopping the operation of mStable products. The proposal will be voted on March 20th with a 5-day voting window. Stable Currency Aggregation Agreement mStable Initiates Proposals to Be Acquired or Discontinued Operations Analysis based on this information:The stable currency aggregation protocol mStable community has launched a proposal to determine the course of its future development. The proposal, called MIP-30, presents three options: being acquired by dHE DGE or Origin Protocol, merging with SpoolDAO or Idle Finance, or stopping the operation of mStable products altogether. This decision comes as mStable looks to expand its reach and increase its user base. The platform offers a unique combination of stablecoins and allows for seamless swapping between them, with the added benefit of earned interest. However, the…

According to reports, French payment companies Synalcom and Qori are merging to form a new company called Sylq, promising to provide a multi in one merchant payment platform. Sylq will provide comprehensive payment services for enterprises, supporting purchases using cards, bank transfers, and cryptocurrency on any payment terminal or Android and iOS devices, while also enabling remote and online payments. The new company will provide, personalize, support, and maintain terminals throughout Europe. Payment companies Synalcom and Qori merge into a new platform that supports cryptocurrency purchases Analysis based on this information:French payment companies Synalcom and Qori have merged to form a new entity called Sylq. The merger aims to provide a complete payment solution for enterprises, which will enable them to accept various forms of payments, including bank transfers, cards, and cryptocurrencies. This multi-payment platform will support transactions made through mobile and web-based devices. The move is significant given that businesses today need to offer diverse payment options to customers…

It is reported that the Canadian regulatory authority approved the merger of Hut 8 Mining and US Bitcoin (USBTC), a mining company. Jamie Leverton, Chief Execu…

It is reported that Hut 8, a North American Bitcoin miner, had a conversation with investors on Thursday morning after releasing the fourth quarter and 2022 fu…