TechFlow news, August 21 — According to an official announcement, the Wormhole Foundation plans to acquire the cross-chain protocol Stargate and has requested a five-business-day pause of the ongoing Snapshot vote to allow time for due diligence and submission of a higher bid.
LayerZero's previous acquisition offer valued STG at approximately $110 million. The Wormhole Foundation stated that the current offer undervalues the protocol’s assets, brand, codebase, and team.




