Rakuten to acquire Japanese virtual currency exchange Everybody’s Bitcoin Inc @ Forex Factory

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From financefeeds.com

The deal is introduced about 4 months after the Japanese authorities issued a enterprise enchancment order in opposition to Everybody’s Bitcoin Inc.There has been some improvement on the M&A entrance of the Japanese virtual currency trade. Rakuten Inc (TYO:4755) has earlier right now unveiled its determination to acquire virtual currency exchange Everybody’s Bitcoin Inc. The deal is finished through Rakuten Inc’s subsidiary, Rakuten Card Co., Ltd. The acquisition is predicated on a inventory buy settlement between Rakuten Card Co., Ltd. and Traders Investment, Inc. which is the mother or father firm of Everybody’s Bitcoin.

Regarding the acquisition’s rationale, Rakuten … (full story)

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