Bullish to Acquire Equiniti in $4.2 Billion Deal

Bullish to Acquire Equiniti in $4.2 Billion Deal

Synopsis

Bullish, a cryptocurrency exchange, is set to acquire Equiniti, a global transfer agent. The deal is valued at $4.2 billion. This significant transaction is expected to conclude by January 2027. Equiniti plays a crucial role in processing substantial annual payments and managing millions of shareholders.

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Reuters
Cryptocurrency exchange Bullish said on Tuesday that it is set to buy ‌global ⁠transfer agent ⁠Equiniti in a transaction valued at $4.2 billion.
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The transaction includes about $1.85 billion of assumed debt ⁠and ‌roughly $2.35 billion in Bullish stock, ⁠the company said.

Bullish shares fell 7% premarket.

Equiniti processes about $500 billion in annual payments and supports over ‌20 million verified shareholders.

The deal is expected ⁠to close in January 2027, subject to regulatory approvals, Bullish added.

This editorial summary reflects ET Tech and other public reporting on Bullish to Acquire Equiniti in $4.2 Billion Deal.

Reviewed by WTGuru editorial team.