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Troubled Zipmex to Close Takeover Deal With V Ventures
Summary: Cryptocurrency exchange Zipmex is currently in talks with venture capital fund V Ventures about the sale of a majority stake in the company, according to Bloomberg. The companies are preparing to sign the deal Friday, but negotiations are still going on, according to a marketing spokesperson. Zipmex had to close withdrawals after lenders failed to ...
Cryptocurrency exchange Zipmex is currently in talks with venture capital fund V Ventures about the sale of a majority stake in the company, according to Bloomberg.
The companies are preparing to sign the deal Friday, but negotiations are still going on, according to a marketing spokesperson.
Zipmex had to close withdrawals after lenders failed to repay $53 million worth of loans. It filed for protection from creditors in July and in August, hired a restructuring firm to help it recover from its losses.
Author: Tris Bell
Tags: Cryptocurrency Exchange,majority stake,V Ventures,venture capital,zipmex
Link: Troubled Zipmex to Close Takeover Deal With V Ventures [Copy]
