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Ripple Abandons Fortress Trust Acquisition, Chooses to Retain Investment Stake

Ripple Abandons Fortress Trust Acquisition, Chooses to Retain Investment Stake
Ripple has decided to reverse its planned acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies that offers wallet and payment services. Less than a month after announcing its intention to acquire the firm, Ripple has chosen to back out of the deal.Brad Garlinghouse, the CEO of Ripple, said on X (formerly Twitter): "A few weeks ago, we signed a letter of intent to acquire Fortress Trust, we've since made the decision not to move forward with an outright acquisition, tho... Read More
Posted: Sep 29 2023, 13:36
Author Name: financemagnates
Views: 111037

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