Omise CEO calls acquisition report false; The Block’s Mike Dudas hits back at public denial

Omise CEO calls acquisition report false; The Block’s Mike Dudas hits back at public denial

Jun Hasegawa, the CEO and Founder of Omise, the payment gateway for South Asian markets denied reports that his company was acquired by Thailand’s Charoen Pokphand Group [CP Group].

A report by The Block stated that CP Group, the largest private company in Thailand, had completed its acquisition of Omise for $150 million, citing “several sources.” The report further added that no representatives from Omise responded to The Block’s request for comments.

Hours after the report was published however, Hasegawa responded to the article, referring to the report as “Fake” in a now-deleted tweet. The deleted tweet was in reply to Eva Beylin, a former member of the Strategy & Research team at OmiseGo and currently, a Fellow with Ethereum, who questioned the findings of the report. Interestingly, Beylin’s tweet has also been deleted.

Redditors managed to capture both the aforementioned deleted tweets. Given below is a screenshot of the same,

The Omise CEO calmed the tensions of bewildered community members in a later tweet, where he referred to the report as “false,” and stated “necessary actions” will be taken.

His tweet read,

Mike Dudas, the CEO of The Block responded to Hasegawa’s claim of the report being “fake” and “false.” He questioned the Omise CEO’s assertion and stated that the report was “well sourced.”

Matt Kaye, the Managing Partner at Block Head Capital, also questioned Dudas. Dudas responded, saying that there were “folks inside and outside the company” who confirmed the details of the acquisition.

His response read,

Kaye later confirmed that the deal was legitimate, citing a “source connected to CP Group.”

All this has resulted in the price of OmiseGo, going through a roller coaster ride. The coin surged by 13.96 percent in a matter of 12 hours to reach $2.04, its highest point in over five months. Since the CEO denied the acquisition claims, the coin’s price dropped to $1.85. At press time, the coin was trading at $1.92.

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Published at Sun, 31 Mar 2019 16:39:30 +0000