Well, the results are out! CoinPost, Japan's largest media outlet, has been officially acquired by the Japanese consortium SBI. It is the one that invested in Ripple in the early years, and then helped Circle successfully land in Japan this year and promote the listing of a Japanese Bitcoin ETF.
SBI has signed a share transfer agreement with all existing shareholders of the media to make it a subsidiary of SBI Holdings.
So far, Japan's three major blockchain media:
CoinPost、Cointelegraph Japan、CoinDesk Japan。
None of them are independent anymore.
The standard outcome of a Japanese startup: being acquired or listed by a consortium.
According to multiple sources, a first-line blockchain media in Asia will announce the official acquisition in the near future.
It is expected that the acquirer will complete the transaction through a controlling approach. Due to strategic considerations, the transaction valuation is not high.
The acquirer is a leading financial institution.
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