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MGT-Tera Group merger to create first listed Bitcoin exchange

3rd March 2015 7:17 am GMT

Online gaming and fantasy sports operator MGT Capital Investments has signed a letter of intent to merge with Tera Group, owner of the TeraExchange swap execution facility, in what will create the first publicly-traded Bitcoin derivatives exchange in the US.

The companies have set a deadline of March 16th to reach a definitive agreement on a merger, with MGT likely to pay Tera’s current owners with shares of its common stock, representing around 70 per cent [...]

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