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  5. FOXBIT Acquires Bitinvest

M&A Deal Summary

FOXBIT Acquires Bitinvest

On August 1, 2016, FOXBIT acquired internet software and services company Bitinvest

Acquisition Highlights
  • This is FOXBIT’s 1st transaction in the Internet Software and Services sector.
  • This is FOXBIT’s 1st transaction in Brazil.

M&A Deal Summary
Date 2016-08-01
Target Bitinvest
Sector Internet Software and Services
Buyer(s) FOXBIT
Deal Type Add-on Acquisition

Target

Bitinvest

São Paulo, Brazil
Bitinvest is a developer and provider of payment processing solutions to merchants and retailers.

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Buyer(S) 1

Buyer

FOXBIT

Santo André, Brazil
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

FOXBIT is a cryptocurrency trading platform for buying, selling and other bitcoin transactions.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2016 M&A 1 of 1
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