SBI-Backed B2C2 Held Acquisition Talks Amid Valuation Gap

SBI Holdings-owned crypto market maker B2C2 has held acquisition talks with multiple potential buyers over the past 18 months, according to people familiar with the matter. According to ChainCatcher, the discussions were affected by differences over valuation, with B2C2 seeking a deal price above $1 billion, a level one source said is difficult to achieve in the current crypto market environment. The talks come as the digital asset industry continues to consolidate, with companies pursuing acquisitions to expand institutional businesses and scale operations.