Fireblocks disputes report of $2.5B Visa acquisition talks

Fireblocks disputes report of $2.5B Visa acquisition talks

Summary

Fireblocks denied reports that Visa is in advanced talks to buy it for about $2.5 billion, saying the rumored acquisition is not true at present. Axios had reported the discussions, citing multiple sources. The reported price would be well below Fireblocks’ last publicly disclosed valuation of more than $8 billion, set after a $550 million funding round in January 2022. Visa declined to comment on speculation.