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Galaxy Validly Ended $1.2B BitGo Crypto Deal, Del. Court Says

Law 360 M&A

Cryptocurrency company Galaxy Digital Holdings Ltd. billion merger with digital asset company BitGo Holdings Inc. because BitGo failed to deliver audited financial statements as required under their merger agreement, a Delaware Chancery Court vice chancellor said Friday.

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Major Mergers And Acquisitions Will Have A Direct Impact On The Crypto Market In 2023

Benzinga

Vodafone Group plc (LON:VOD) paid more than $180 billion for its archrival Mannesmann AG in 1999, American Online (NYSE: AOL ) acquired Time Warner for $165 billion in 2000, and Dow Inc. Coinbase Global Inc (NASDAQ: COIN ) then bought the Cipher Browser mobile wallet and Earn.com social network.

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BitGo Hits Galaxy Digital With $100M Suit Over Busted Merger

Law 360 M&A

California-based BitGo Holdings Inc. has filed suit against fellow cryptocurrency-focused company Galaxy Digital Holdings Ltd. for calling off the parties' planned $1.2 billion merger and allegedly refusing to pay the $100 million breakup fee.

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