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Wormhole plans to acquire StarGate for at least 120 million USDC.
Wormhole Foundation tweeted that it has arranged financing and made an acquisition offer for StarGate, preparing an initial bid of at least 120 million USDC to acquire StarGate, exceeding a certain platform's bid of 110 million USD.
A all-cash acquisition will provide $STG holders with the greatest certainty and immediate liquidity, with no delays and no exchange risks.