.TheGivingBlock bought by payment services provider Shift4. The deal is for an up-front payment of $54 million and potential payout of up to $246 million. By parikshitm899
Payment technology provider Shift4 has bought crypto donation marketplace The Giving Block, theThe deal is for an up-front payment of $54 million and potential payment of up to $246 million, which consists of 75% stock and 25% cash, the company said in anThe Giving Block had 2021 revenue of $5 million, which is expected to atleast double in 2022. The deal will add atleast $5 million in adjusted EBITDA contribution to Shift4 in 2023.
The Giving Block offers users a marketplace to make donations to over 1,300 non-profits via cryptocurrencies.Shares of Shift4 were down over 4% during pre-market trading on the New York Stock Exchange.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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