GoverMedia Plus Canada Corp Voices Desire to Buy EXMO Cryptocurrency Exchange

A Canadian holding company called GoverMedia Plus Canada Corp has shown interest in purchasing EXMO. EXMO is presently one of the biggest cryptocurrency exchanges in Europe, and the Canadian holding company signed a Letter of Intent (LOI) with them already. For now, that letter will provide an opportunity for GoverMedia to negotiate, prohibiting other companies from interfering.

CEO of GoverMedia, Roland Bopp, commented on this potential acquisition, saying, “I am very pleased to announce the intended business combination with EXMO one of the largest European cryptocurrency exchanges. This is a further step in the Company’s publicly announced strategic partnership. After the successful completion of the business combination, the company will have over 2.0 million active users and provides an excellent platform to further increase revenue and improve operating results in European, North American and Asian markets.”

Based on the LOI, the companies have 180 days to negotiate the potential terms of the acquisition. When, or if, the agreement is made, then EXMO will be acquired by GoverMedia, though the company will be responsible for continuing EXMO’s business, according to a statement.

The LOI dictates that both of the parties involved will be working to create a fair structure for the acquisition, complying with both the legal requirements and the applicable regulations. Furthermore, the statement says that one of the priorities for this agreement is that the solution is cost-effective for both sides.

After the agreement is made, the final structure of the EXMO acquisition will outline an agreement between the companies. The new agreement is expected to include many issues that typically arise in these scenarios, like warranties, covenants, and more.

CEO of EXMO, Sergey Zhdanov, spoke on the acquisition process, saying, “At EXMO, we see this combination as a perfect opportunity to strengthen our team and raise our influence on the universal cryptocurrency market.” He continued, adding, “We are very excited about this partnership because it provides us deeper insights for decision-making purposes and brings our clients best infrastructure and maximum security. This combination will assist us to achieve one of our main targets: becoming one of the most credible and reliable businesses on the crypto market.”

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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