BitGo's $1.2B Dream Shattered As Mike Novogratz's Galaxy Digital Wins Court Battle
Portfolio Pulse from Murtuza Merchant
Galaxy Digital Holdings (OTC:BRPHF) has won a legal battle against BitGo over the failed $1.2 billion acquisition deal. The court ruled that Galaxy had the right to terminate the acquisition due to BitGo's failure to provide audited financial statements for 2021.

June 12, 2023 | 6:54 pm
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Galaxy Digital Holdings wins a legal battle against BitGo, allowing them to terminate the $1.2 billion acquisition deal due to BitGo's failure to provide necessary audited financial statements.
The court ruling in favor of Galaxy Digital Holdings allows them to terminate the acquisition deal without any legal repercussions. This could be seen as a positive outcome for the company, as they can now avoid a potentially unfavorable deal and focus on other opportunities. This may lead to a short-term positive impact on the stock price.
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