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CIRCLE PURSUES IPO—BUT TALKS WITH COINBASE AND RIPPLE COULD MEAN A SALE, SOURCES SAY: FORTUNE
*There is a chance, though, that Circle’s IPO won’t come to fruition since the company has recently taken part in informal talks to sell itself to Coinbase or to Ripple, according to four banking and private equity executives
*Circle is seeking at least $5 billion
*“If Coinbase wanted to buy them, Circle would sell in a heartbeat,” one of the sources, a banker, said.
*Any bid by Ripple would likely consist of XRP In contrast, Coinbase could pay with cash and stock so Coinbase would be viewed more favorably, the banker said. 0 reply
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