Bitcoin Price Surge Complicates Gopax Acquisition Negotiations with Megazone

On December 23rd, COINOTAG News reported that the recent surge in Bitcoin prices has complicated the acquisition negotiations between Megazone and Streami, the parent company of South Korean cryptocurrency exchange Gopax. According to Bloter, Megazone has clarified that discussions surrounding the purchase of Gopax remain ongoing, with no definitive decision made about the acquisition’s future. Notably, Binance has engaged in talks with Megazone regarding the sale of a 57.46% stake in Gopax, excluding its own 10% holding. However, these discussions have hit a stalemate, predominantly due to uncertainties surrounding Gopax’s outstanding debt. The situation is further complicated as this debt is closely linked to the fluctuating Bitcoin prices; as these values rise, so too does the magnitude of the debt, creating a challenging environment for the potential acquisition.