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#Post#: 428--------------------------------------------------
The $300 Million Bithumb Acquisition Is Reportedly on the Verge
of Falling Apart
By: diuk Date: September 30, 2019, 5:56 am
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A deal that would see leading South Korean cryptocurrency
exchange Bithumb sell most of its stake for roughly 400 billion
won, worth around $333 million, is reportedly on the verge of
falling apart.
Last year the exchange’s parent company, BTC Korea Holdings,
agreed to sell 50% plus one share of its 76% stake in the
exchange to the Singapore-based BK Global Consortium, in a deal
that was supposed to be completed in February but ended up being
extended twice.
HTML https://www.cryptoglobe.com/latest/2019/09/the-300-million-bithumb-acquisition-is-reportedly-on-the-verge-of-falling-apart/
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