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New Deal


Announced

Intercontinental Exchange to invest in tZERO Group.

Financials

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

Tags

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Domestic

Minority

United States

blockchain technology

Digital Services

Private

Single Bidder

digital assets

Acquisition

Friendly

Pending

Synopsis

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Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, agreed to invest in tZERO Group, a provider of blockchain innovation and liquidity for digital assets. Financial terms were not disclosed. "David Goone was present at many of ICE’s milestone moments and deals over two decades, a key player on our management team as we built our world-class trading, clearing and data infrastructure and product line, and has been a steward of our problem-solving culture," Jeff Sprecher, Intercontinental Exchange Founder, Chairman and CEO.

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