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18th of November 2018

Forex



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

From financefeeds.com

The deal is announced about four months after the Japanese authorities issued a business improvement order against Everybody’s Bitcoin Inc.There has been some development on the M&A front of the Japanese virtual currency industry. Rakuten Inc (TYO:4755) has earlier today unveiled its decision to acquire virtual currency exchange Everybody’s Bitcoin Inc. The deal is done via Rakuten Inc’s subsidiary, Rakuten Card Co., Ltd. The acquisition is based on a stock purchase agreement between Rakuten Card Co., Ltd. and Traders Investment, Inc. which is the parent company of Everybody’s Bitcoin. Regarding the acquisition’s rationale, Rakuten ... (full story)

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