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Bullish Agrees to Acquire Equiniti in $4.2B Tokenization Infrastructure Deal
Bullish agreed to acquire transfer agent Equiniti in a $4.2 billion deal that combines its tokenization infrastructure with Equiniti’s regulated shareholder services business. The consideration includes $1.85 billion of assumed debt and about $2.35 billion in Bullish stock priced at $38.48 per share. Bullish said the transaction is expected to close in January 2027, subject to regulatory approvals and customary conditions.