Transaction · Crypto / Digital Assets · 2022

ARAX / Core Business Holdings 2022

ARAX Holdings Corp acquired Core Business Holdings on December 14, 2022.

Target: Core Business Holdings
Acquirer: ARAX Holdings Corp
Announced: December 14, 2022
Sub-sector: Crypto / Digital Assets

Transaction overview

ARAX Holdings Corp announced the acquisition of Core Business Holdings on December 14, 2022.

Strategic rationale

Acquire blockchain-based fintech platforms including smart contracts, exchange settlement, neobanking, and payment systems to position ARAX at forefront of digital assets and tokenization.

Deal terms & multiples

Deal value: Not disclosed
Target revenue: Not disclosed
Target EBITDA: Not disclosed
EV / Revenue: Not disclosed
EV / EBITDA: Not disclosed
Announcement: December 14, 2022
Acquirer: ARAX Holdings Corp (Strategic)
Sub-sector: Crypto / Digital Assets

Sources

energy.einnews.com /pr_news/606303287/arax-a-publicly-traded-company-makes-strategic-acquisition-of-blockchain-firm-core-business-holdings

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