Transaction · Crypto / Digital Assets · 2021

Far Peak Acquisition / Bullish 2021

Far Peak Acquisition Corp acquired Bullish for $9.0B on July 1, 2021.

Target
Bullish
Acquirer
Far Peak Acquisition Corp
Deal value
$9.0B
Announced
July 1, 2021
Sub-sector
Crypto / Digital Assets

Transaction overview

  • Far Peak Acquisition Corp announced the acquisition of Bullish on July 1, 2021 for $9.0B.

Strategic rationale

Launch regulated institutional crypto exchange combining centralized order books with decentralized finance protocols and deep liquidity pools for VIP investors.

Deal terms & multiples

Deal value
$9.0B
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
July 1, 2021
Acquirer
Far Peak Acquisition Corp (Strategic)

Sources

  • tokenist.com /how-it-works-thiel-backed-crypto-exchange-for-whales-is-live/