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Bloomberg: SoftBank Group Will Invest $75 Million In Bullish, A Crypto Company Backed By Peter Thiel
Summary: According to Bloomberg, SB Northstar LP, an investment subsidiary of SoftBank Group, agreed to invest $75 million in the crypto company Bullish. According to a filing for the US Securities and Exchange Commission on July 9, Bullish, launched in May by Block.One, a blockchain software company backed by Peter Thiel and hedge fund managers Alan Howard, will go ...
According to Bloomberg, SB Northstar LP, an investment subsidiary of SoftBank Group, agreed to invest $75 million in the crypto company Bullish.
According to a filing for the US Securities and Exchange Commission on July 9, Bullish, launched in May by Block.One, a blockchain software company backed by Peter Thiel and hedge fund managers Alan Howard, will go public through a merger with the special purpose acquisition company Far Peak Acquisition (SPAC).
SB Northstar LP will acquire 7.5 million Bullish shares at a price of $10 per share. It will also purchase 3 million warrants to purchase Far Peak's shares, but representatives of SoftBank and Bullish declined to comment.
Bullish's other investors include Hong Kong tycoon Richard Li and German entrepreneur Christian Angermayer.
After the SPAC trading is completed, Thomas Farley, CEO of Far Peak and former president of the New York Stock Exchange, will serve as CEO of Bullish.
By Mary Liu
Tags: Bullish,SB Northstar LP,Softbank,SPAC
Link: Bloomberg: SoftBank Group Will Invest $75 Million In Bullish, A Crypto Company Backed By Peter Thiel [Copy]
