Cryptocurrency broker Voyager Digital said it agreed to buy crypto payment company Coinify in a deal valued about $84 million in stock and cash.
- The acquisition will provide Canadian Securities Exchange-listed Voyager with a route into the crypto payment industry thanks to the Coinify platform’s presence in Europe, Asia and the Americas, the company said Monday.
- Under the deal, Coinify investors will be issued 5.1 million Voyager shares, worth about $69 million, and $15 million in cash. The shares closed Friday at C$16.9 ($13.57).
- Voyager will retain the $5.5 million of cash on Coinify’s balance sheet.
Source: Coindesk
