Trump’s Media Company in Talks to Buy Bakkt Crypto Platform

Bloomberg11-19

(Bloomberg) -- President-elect Donald Trump’s Trump Media & Technology Group Corp. is in talks to buy the digital-asset marketplace Bakkt, according to people familiar with the discussions who asked ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484320619?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/kNXgTBDM6DNQ5vp2ldNHog--~B/aD0xNTAwO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/f238029683eebf8b19a2f00cd88aa05e","is_english":true,"pubTime":"2024-11-19 06:19","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2484320619","market":"us","top_or_hot":-1,"title":"Trump’s Media Company in Talks to Buy Bakkt Crypto Platform","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- President-elect Donald Trump’s Trump Media & Technology Group Corp. is in talks to buy the digital-asset marketplace Bakkt, according to people familiar with the discussions who asked ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trump-media-company-talks-buy-221946027.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump’s Media Company in Talks to Buy Bakkt Crypto Platform</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump’s Media Company in Talks to Buy Bakkt Crypto Platform\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/trump-media-company-talks-buy-221946027.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- President-elect Donald Trump’s Trump Media & Technology Group Corp. is in talks to buy the digital-asset marketplace Bakkt, according to people familiar with the discussions who asked ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trump-media-company-talks-buy-221946027.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999004303.SGD","symbol_name":"Nikko AM Shenton Global Opportunities SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/trump-media-company-talks-buy-221946027.html","article_id":"2484320619","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kNXgTBDM6DNQ5vp2ldNHog--~B/aD0xNTAwO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/f238029683eebf8b19a2f00cd88aa05e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484320619","pubTimestamp":1731968386,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- President-elect Donald Trump’s Trump Media & Technology Group Corp. is in talks to buy the digital-asset marketplace Bakkt, according to people familiar with the discussions who asked not to be named sharing private information.Shares of Bakkt Holdings Inc. more than doubled after the Financial Times initially reported on the talks, which it described as at an “advanced” stage. The newspaper said Trump Media is closing in on an all-share purchase. Bakkt’s market capitalization was $155 million as of Friday’s close.Bakkt was spun out of and is still majority-owned by Intercontinental Exchange Inc., the parent of the New York Stock Exchange. Neither Bakkt nor TMTG returned requests for comment. ICE declined to comment.Kelly Loeffler, Bakkt’s founding CEO, is married to Jeffrey Sprecher, who is the founder and CEO of Intercontinental Exchange and chair of the New York Stock Exchange.Loeffler, who spent one year as the US Senator from Georgia, is serving as co-chair of Trump’s inaugura","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","ICE":"洲际交易所","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","BK4588":"碎股","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4112":"金融交易所和数据","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4585":"ETF&股票定投概念","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD"},"translate_title":"特朗普的媒体公司正在洽谈收购Bakkt加密平台","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICE":0.9},"content_text":"(Bloomberg) -- President-elect Donald Trump’s Trump Media & Technology Group Corp. is in talks to buy the digital-asset marketplace Bakkt, according to people familiar with the discussions who asked not to be named sharing private information.\nShares of Bakkt Holdings Inc. more than doubled after the Financial Times initially reported on the talks, which it described as at an “advanced” stage. The newspaper said Trump Media is closing in on an all-share purchase. Bakkt’s market capitalization was $155 million as of Friday’s close.\nBakkt was spun out of and is still majority-owned by Intercontinental Exchange Inc., the parent of the New York Stock Exchange. Neither Bakkt nor TMTG returned requests for comment. ICE declined to comment. \nBakkt has been exploring a potential sale for months. Intercontinental Exchange, which owns some of the biggest futures markets as well as the NYSE, launched Bakkt with much fanfare in 2018. \nBakkt shares rose as much as 162% to $29.70. The stock had traded at more than $1,000 in October 2021 as cryptocurrency prices approached all-time highs. Less than three years later, the exchange disclosed that it might not be able to continue as a going concern, raising the possibility of being delisted from the NYSE.\nKelly Loeffler, Bakkt’s founding CEO, is married to Jeffrey Sprecher, who is the founder and CEO of Intercontinental Exchange and chair of the New York Stock Exchange. \nLoeffler, who spent one year as the US Senator from Georgia, is serving as co-chair of Trump’s inaugural committee alongside Steve Witkoff.\nTrump owns more than 50% of TMTG, which operates Truth Social, a social media site. Shares of Trump Media’s shares rose about 17%.\n(Adds details on the possible acquisition in the first paragraph.)\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484320619"}