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New Deal


Announced

Betterment to acquire Makara.

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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Single Bidder

Private

Majority

United States

Domestic

cryptocurrencies

Friendly

Payments / Commerce

Pending

Acquisition

Synopsis

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Betterment, the largest independent digital investment advisor in the US, agreed to acquire Makara, an innovative manager of cryptocurrency portfolios. Financial terms were not disclosed. The acquisition will provide consumers and financial advisors the ability to invest in expert-built, diversified crypto portfolios alongside their existing investments, through an easy-to-use customer experience they have come to expect from Betterment.

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