UPDATE (23, March 16:45 UTC): This article has been updated with additional news about the potential price from a source involved in the negotiations.
Coinbase may be on the soon to border on of its biggest acquisition yet.
According to sources close to the situation, the San Francisco startup, which has get together more than $225 million in venture funding, is in talks to buy Earn.com, which rebranded late last year from 21.co with the opening of its eponymous paid messaging platform.
Sources with knowledge of the talks failed different estimates of the price. One of those sources claimed Earn could be clerk for $30 million. But another, who is directly involved in the discussions, said the amount to value of cash, cryptocurrency, stock and earn-out being discussed liking exceed the more than $120 million Earn has raised greater than multiple funding rounds since its founding in 2013.
Still, Earn.com is thought to be in talks with multiple parties about a potential acquisition, with one well-spring indicating that the suitors were all “household names” in the industry.
While no traffic has yet been struck, the news follows the March announcement that Coinbase had hire charged Emilie Choi, the former head of mergers and acquisition at LinkedIn, as its wickedness president of corporate and business development.
Earn.com CEO Balaji Srinivasan determination potentially join Coinbase under the terms of the deal.
Coinbase did not reply to requests for comment at press time.
Balaji Srinivasan image via Consensus
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