InsideArbitrage Potential Deal Alert: Crypto Marketplace Bakkt (BKKT) Weighs Potential Sale, Breakup

POTENTIAL DEAL DETAILS

According to Bloomberg, Bakkt Holdings Inc. (BKKT), the digital-asset marketplace launched by the parent of the New York Stock Exchange, is exploring a potential sale amid a spike in crypto-related takeover activity.

Bakkt has been working with a financial advisor to weigh a range of strategic options, including a breakup.

Bakkt Holdings Inc. Investor Relations

Update(s):

November 18, 2024: The Financial Times reported that Donald Trump’s social media company is in advanced talks to buy Bakkt (BKKT) as it pushes to expand beyond online conversation. The US president-elect’s Trump Media and Technology Group (DJT) is closing in on an all-share purchase of Bakkt.

November 19, 2024: Bakkt (BKKT) announced that it does not comment on market rumors or speculation.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.