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2020-04-06 12:10

Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report


Crypto companies kept buying each other last year even as both M&A and funding deal flow in the industry took a dive, according to a report released Monday by PwC. On the M&A side, crypto-native acquirers took 56 percent of the deal flow, compared to 42 percent in 2018. The total number of M&A deals flagged by the report dropped from 189 in 2018 to 114 last year, while the value of M&A deals dropped by a whopping 76 percent from $1.9 billion to $451 million. Larger companies were able to eat up ones that provided services that were ancillary

The post Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report appeared first on One Crypto News.



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