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New Deal


Announced

Binance to acquire WazirX.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cryptocurrency exchange

Online and Social Platforms

Private

Single Bidder

Pending

India

Majority

Acquisition

Friendly

Synopsis

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Binance, a cryptocurrency exchange platform, agreed to acquire WazirX, a cryptocurrency exchange app. Financial terms were not disclosed. "The acquisition of WazirX shows our commitment and dedication to the Indian people and strengthen the blockchain ecosystem in India as well as another step forward in achieving the freedom of money,” Changpeng Zhao, Binance CEO.

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