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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...
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Ripple
Abandons
Fortress
Trust
Acquisition
Chooses
Retain
Acquisition
Investment
Forex
Posted: Sep 29 2023, 13:36
Author Name: financemagnates
Views: 111037