Ripple and Coinbase Reportedly Competing to Acquire Circle Amid IPO Plans 💼
Ripple and Coinbase are reportedly in competition to acquire fintech powerhouse Circle, as per a Fortune report. Anonymous sources from the private equity and banking sectors suggest that preliminary discussions have taken place about a potential acquisition.
Bloomberg previously reported that Ripple had made a $5 billion bid for Circle, which was deemed insufficient and subsequently rejected.
Unverified social media rumors claim that Ripple might increase its offer to $20 billion, though this development remains unconfirmed. Insiders indicate Circle prefers a different financial trajectory.
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