Post
Topic
Board Service Discussion
Re: Source close to potential investors: 3 companies bidding on Gox
by
StarfishPrime
on 26/02/2014, 06:05:18 UTC
seriously there's no way in hell the actual transaction is worth three hundred million Earth dollars

it'll be some sort of mob deal, and it'll make sense at that level, and we'll never know

It could simply change hands for an undisclosed amount equally to or greater than tree-fitty.

Or something far less on the pre-condition that MtGox is placed into Chapter 11/ bankruptcy/whatever Japan's restructuring framework allows first.

Seems doubtful that a buyer would offer a full bailout, any corporation as insolvent as MtGox would likely have some kind of partial settlement to creditors (customers in this case) as a takeover precondition.