Rewards Hub VivoPower International PLC has announced a joint venture agreement through its Vivo Federation unit with Lean Ventures to acquire $300 million in Ripple Labs shares. Lean Ventures, a Korean asset manager compliant with government crypto regulations, will fund the acquisition, while Vivo Federation will manage operations. The deal is expected to generate $75 million in fees over three years, providing VivoPower exposure to Ripple Labs and XRP without using its own capital. Following the announcement, VivoPower's stock surged 12% in early Friday trading, indicating strong market approval.
VivoPower to Acquire $300M in Ripple Labs Shares, Stock Jumps 12%
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