Week Ending 01.27.19
PLAYUP SCRAPS ACQUISITION ON PROFIT CONCERNS
SYMBIONT AND REALBLOCK COMPLETE ROUNDS
HERDX HIRES CTO
AND MORE ↓
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MERGERS AND ACQUISITIONS
PlayUp, the Sydney, Australia-based sports betting firm, said it scrapped the acquisition of US gaming platform 123gaming over concerns including profitability and intellectual property ownership.
PlayUp pulled the initial coin offering of its token PlayChip the day before it was scheduled to launch in November. It raised USD 25m in a pre-sale.
No S-1s were filed.
HerdX, the Boerne, Texas-based agricultural technology company, said it hired Austin Adams as chief technology officer to build out its blockchain services.
The World Economic Forum selected Elizabeth Rossiello, the CEO and founder of BitPesa, the digital exchange platform for frontier markets, as co-chair of its blockchain council.
XYO, the San Diego, California-based blockchain company, said it expanded its advisory board with James DeBello, the former Mitek CEO, Adam Altman, the CEO of ILABS, and Sam Markowitz, the CEO of the eponymous marketing company.
Other executive moves included Breakout Capital, which expanded its board of directors.