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TechFlow news, on August 23, the Wormhole Foundation tweeted that it has formally submitted an acquisition offer for Stargate, proposing an initial bid of at least 120 million USDC, higher than LayerZero's $110 million, and opting for cash payment instead of token exchange.
According to a tweet from the Wormhole Foundation, it has formally submitted an acquisition offer for Stargate, proposing an initial bid of at least 120 million USDC to acquire Stargate—higher than LayerZero's $110 million—and will use a cash payment model instead of a token exchange model.
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