Crypto's Latest M&A Deal Features A Unique Element: A Token 'Merger'
European crypto exchange LGO and publicly traded brokerage Voyager are merging.
The deal is the latest M&A deal in the digital asset market following tie-ups between Binance and CoinMarketCap as well as FTX and Blockfolio. A spokesman for LGO did not comment on the financial details of the merger, noting that LGO's assets will be "operated under the Voyager brand."
"As part of the merger, the next version of the Voyager token will be minted which will allow holders of the VGX and LGO token holders to swap into the new token," according to the companies. "The holder ownership percentages will commensurate with the existing fully diluted market caps of the tokens. The new token will include decentralized finance features such as community governance."
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