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Ripple’s $4B–$5B Bid for Stablecoin Issuer Circle Rejected amid IPO Plans: Report
Ripple proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion to $5 billion, a bid that was rejected as too low, according to sources cited by Bloomberg.While Ripple reportedly remains interested in Circle, it hasn't decided whether to make another offer, said the people, who asked not to be identified because the details aren't public. For its part, Circle is focused on following through on an initial public offering that it filed for earlier this month, the people added.
Ripple proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion to $5 billion, a bid that was rejected as too low, according to sources cited by Bloomberg.
While Ripple reportedly remains interested in Circle, it hasn't decided whether to make another offer, said the people, who asked not to be identified because the details aren't public. For its part, Circle is focused on following through on an initial public offering that it filed for earlier this month, the people added.
