Svmuu News: B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition talks with several potential buyers over the past 18 months.
The negotiations have been hampered by disagreements over valuation. B2C2 is seeking a transaction price exceeding $1 billion, but a source familiar with the matter said that price is difficult to achieve given the current crypto market conditions.
These negotiations are taking place against the backdrop of consolidation in the digital asset industry, where many companies are expanding their institutional businesses and scaling up through acquisitions.