Just read Nasdaq To Acuire Startup Cinnober, Board Makes Recommendation

Nasdaq To Acuire Startup Cinnober, Board Makes Recommendation

Nasdaq Moves to Acquire Cinnober in $190 Million DealOne of the world’s largest stock exchanges, Nasdaq, has announced that its made a public offer to Swedish fintech solutions firm Cinnober. Cinnober is a “leading provider” of exchange and real-time clearing technology, and their services include a “high performance trading and post-trade solution” for cryptocurrency exchanges. Nasdaq will acquire Cinnober if the $190 million all-cash public offer is to be accepted by Cinnober shareholders. The offer acceptance period begins “on or around” October 29, 2018 and expires on or around December 14, 2018 barring any extensions. A source familiar with the matter claims that the major stock exchange’s Analytics Hub will report on sentiment for nearly 500 crypto assets, including data from exchanges, social media, and transaction data from top cryptocurrency wallets.

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Wednesday, September 19, 2018