What are the reasons behind the decision to call off the acquisition of BitGo?

3 answers

• Jan 14, 2022 · 3 years ago
  Well, there were several reasons behind the decision to call off the acquisition of BitGo. Firstly, during the due diligence process, certain undisclosed issues were discovered that raised concerns about the financial stability and security of BitGo. Additionally, there were concerns about the compatibility of BitGo's technology with our existing infrastructure. Lastly, the rapidly changing regulatory landscape in the cryptocurrency industry also played a role in the decision. All these factors combined made it clear that proceeding with the acquisition would not be in the best interest of our company.
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• Jan 14, 2022 · 3 years ago
  The decision to cancel the acquisition of BitGo was primarily driven by the discovery of undisclosed issues during the due diligence process. These issues raised doubts about the financial stability and security of BitGo, which are crucial factors when considering an acquisition. Furthermore, compatibility issues between BitGo's technology and our existing infrastructure were identified, making it difficult to seamlessly integrate the two systems. Lastly, the decision was also influenced by the evolving regulatory environment in the cryptocurrency industry, which added an additional layer of uncertainty.
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• Jan 14, 2022 · 3 years ago
  As a third-party observer, it is important to note that the decision to call off the acquisition of BitGo was based on various factors. The due diligence process uncovered undisclosed issues that raised concerns about BitGo's financial stability and security. Additionally, compatibility issues with the acquiring company's existing infrastructure were identified. Lastly, the decision was also influenced by the changing regulatory landscape in the cryptocurrency industry. These factors collectively led to the conclusion that proceeding with the acquisition would not be the most prudent course of action for the acquiring company.
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