TechFlow news, January 21 — According to CoinDesk, payments giant Mastercard is considering a strategic investment in blockchain infrastructure firm Zerohash, after acquisition talks between the two parties fell through. Sources familiar with the matter said Zerohash chose to remain independent, causing Mastercard's planned acquisition to collapse.
Last October, Fortune reported that Mastercard was in late-stage negotiations to acquire Zerohash at a valuation of up to $2 billion. A Zerohash spokesperson said: "We respect the Mastercard team and look forward to expanding our commercial partnership, but we believe remaining independent is best for the company to continue innovating and growing."
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