Vauld: Vauld Pulls Plug On Potential Acquisition Deal With Nexo After 5 Months Of Negotiations: Report

Cryptocurrency lender Vauld has officially canceled its potential acquisition by rival Nexo - a transaction that was initially announced five months ago. After the initial agreement to explore the merger and less than a month before the Singapore-based Vauld had to present a restructuring plan, the talks have now reportedly stalled. What Happened: Negotiations are still ongoing, despite earlier talks of a potential acquisition by Nexo falling through, CoinDesk reported, based on a person familiar with the talks. For the deal to be canceled, both parties must ...Full story available on Benzinga.com