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New Deal


Announced

Completed

Blockchain.com completed the acquisition of Magic Carpet.

Financials

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

Sources

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Tags

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Digital Services

Acquisition

software analytics

Completed

Cross Border

Friendly

data analytics

Private

Majority

Single Bidder

United Kingdom

Synopsis

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Blockchain.com, a cryptocurrency financial services company, completed the acquisition of Magic Carpet, a UK-based company that uses AI to calculate investment strategies. Financial terms were not disclosed. Magic Carpet’s eight London-based quant traders and data scientists have developed a set of proprietary algorithms to trade crypto at scale. With extensive experience across deep and reinforcement learning, the team has excelled at optimising portfolio data for novel pattern discovery.

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