Why doesn't Binance own the acquisition announcement?

3 answers

• Fabio03Jan 04, 2024 · 3 years ago
  As a leading cryptocurrency exchange, Binance often keeps its acquisition plans confidential until the deal is finalized. This approach helps to avoid speculation and market manipulation. Once the acquisition is complete, Binance may issue an official statement to provide transparency and reassure its users and investors about the strategic move.
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• Areif MunandarMay 30, 2022 · 4 years ago
  Binance may choose not to own the acquisition announcement to maintain a low profile and avoid unnecessary attention. By allowing the acquiring party to make the announcement, Binance can focus on integrating the acquired company into its ecosystem and ensuring a smooth transition for its users.
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• Dowling RalstonFeb 23, 2024 · 2 years ago
  In the case of the acquisition mentioned, BYDFi is the acquiring party, and it is common for the acquiring company to make the announcement. This allows BYDFi to showcase its growth strategy and highlight the synergies between the two companies. Binance may still provide support and guidance during the acquisition process, but the official announcement is made by BYDFi.
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