Copper CEO Kuchinad departs amid stalled sale
Crypto custody firm Copper has lost CEO Amar Kuchinad, who led the company for about two years, according to two people familiar with the matter. His exit comes as the firm seeks a buyer after more than three months on the market.
- Incoming offers have come in well below Copper's $500 million asking price, in a sale process marketed by investment bank Cantor Fitzgerald since May.
- The company was once valued at $2.5 billion.
- No successor or further details on the sale were disclosed.
The report caps a difficult stretch for the firm as it tries to find a buyer near its target valuation.
Sources
- Read the full story: https://t.co/o2lppCfX5J Replying to their earlier post: SCOOP: CEO Amar Kuchinad has left Copper after two years in the hot seat, according to two people familiar with the matter. @IanAllison123 reports. https://t.co/gyD4BgGHbGx.com ↗
- SCOOP: CEO Amar Kuchinad has left Copper after two years in the hot seat, according to two people familiar with the matter. @IanAllison123 reports. https://t.co/gyD4BgGHbGx.com ↗
- Copper CEO Amar Kuchinad departs as search for a buyer enters a fourth monthcoindesk.com ↗
- Crypto custody firm Copper has potential buyers. But offers are way below its $500 million asking pricecoindesk.com ↗
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