Concord / Circle 2022
Concord Acquisition acquired Circle Internet Financial for $9.0B on June 1, 2021.
- Target
- Circle Internet Financial
- Acquirer
- Concord Acquisition
- Deal value
- $9.0B
- Announced
- June 1, 2021
- Sub-sector
- Crypto / Stablecoin
Transaction overview
- Concord Acquisition announced the acquisition of Circle Internet Financial on June 1, 2021 for $9.0B.
- The deal is expected to close pending customary conditions.
Strategic rationale
SPAC merger to take Circle, issuer of USDC stablecoin, public; deal terminated before closing amid crypto market downturn and regulatory uncertainty.
Deal terms & multiples
Frequently asked questions
How much did Concord Acquisition pay for Circle Internet Financial?
Concord Acquisition acquired Circle Internet Financial for $9.0B, announced on June 1, 2021.
When did Concord Acquisition announce the acquisition of Circle Internet Financial?
Concord Acquisition announced the acquisition of Circle Internet Financial on June 1, 2021.
What sub-sector is Circle Internet Financial in?
Circle Internet Financial is tracked in the Crypto / Stablecoin sub-sector.
Sources
- americanbanker.com /articles/stablecoin-issuer-circles-spac-deal-with-concord-scrapped