Reports emerged on November 18, 2024, indicating that Trump Media & Technology Group Corp. is in talks to acquire the digital-asset marketplace Bakkt. Bakkt is a company backed by NYSE-owner Intercontinental Exchange, Inc.
The potential acquisition is reported to be an all-stock deal. Bakkt's shares experienced significant volatility following the news, soaring nearly 66% before being halted for volatility.
This development could have implications for Intercontinental Exchange's investment in Bakkt. The transaction's completion would affect ICE's stake and strategic involvement in the crypto platform.
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