Circle Explores Sale Amid IPO Plans
- Circle filed for a $5 billion IPO in April.
- Informal talks are ongoing with Coinbase and Ripple for potential acquisition.
- Coinbase and Circle have a revenue-sharing agreement from USDC reserves.
- Ripple’s $4-$5 billion offer was rejected by Circle as too low.
- Coinbase holds $8 billion in cash, positioning it as a strong acquirer candidate.
Circle is pursuing an IPO but also considering acquisition offers from Coinbase and Ripple. The stablecoin issuer rejected Ripple’s bid, while its deep ties with Coinbase make the exchange a likely buyer.
Source (2.6.1)https://cryptoslate.com/circle-in-talks-with-coinbase-ripple-over-potential-sale-amid-5b-ipo-plans/?rand=24433
