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Big Law

PayPal to Acquire Crypto Startup Curv After $500M Bid

Payments giant PayPal is considering acquiring startup Curv, which offers secure storage for cryptocurrencies, for hundreds of millions of dollars.

Multiple anonymous sources have confirmed to Israeli media Calcalist and crypto-focused news outlet Coindesk about the possibility of the acquisition deal. However, neither PayPal nor Curv officially made any confirmation.

But, sources of the media outlets are divided on the amount which PayPal is offering the crypto startup. While one is outlining that the deal could be closed for anywhere between $200 million and $300 million, another is expecting the offer to be as high as $500 million.

“From where I’m hearing it, I’m pretty sure it’s true,” a Coindesk source said, who is expecting the payout to be $500 million.

Read the source article at Financial and Business News

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