Disney may soon own Bitstamp after $13B deal

posted about 1 month ago
Disney has reportedly been offered a controlling stake in NXC, NXC owns 2 major cryptocurrency exchanges: Bitstamp, based in Luxembourg (which it bought for $400M last year), and Korbit, based in South Korea. NXC also owns Nexon, the biggest video game developer in South Korea.

Billionaire and NXC chairman, Jung-ju Kim met with a representative at Disney, offering to sell his stake in NXC to the entertainment giant. Jung-Ju said “What I envy the most about Disney is that they do not force money out of kids … (consumers) gladly pay Disney.” Notably, Disney reported $59.4 billion in revenue in 2018 and acquired 21st Century Fox last month.
Tags: bitcoin, news