NFT
Coinbase Negotiates Acquisition of Earn.com
According to an anonymous source, the startup from San Francisco, which had received approximately $ 225 million in project financing capital, is in negotiations with Earn.com to take over the company in the future. Earn.com is a platform previously known as 21.co, where you can earn Bitcoins for replying messages.
Different sources called different high price for the purchase. According to one source, Earn.com could be sold for $ 30 million. Another source involved in the negotiations said the value of the company would be much higher, $ 120 million, due to the possession of cash, shares and cryptocurrencies.But not only Coinbase is interested in the company. Other “common household names” in the industry could also imagine a adquisicion of Earn.com.
However, none of the negotiations came to a conclusion. If Coinbase were to take over the company, CEO Balaji Srinivasan would likely continue to run a leading function for earn.
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