Crypto Exchange Bullish to Buy Equiniti In $4.2 Billion Deal

Bullish agreed to buy Equiniti from Siris Capital in a $4.2 billion deal, as the crypto exchange seeks to expand in blockchain-based capital markets infrastructure.

Bullish will pay about $2.35 billion in stock and assume $1.85 billion of Equiniti debt as part of the transaction, according to a filing on Tuesday. The deal, which includes an option for Siris to buy non-core Equiniti business lines, is expected to close in January 2027, Bullish said.