Ripple's chief technology officer David Schwartz claims that his post about his social media offering $6 billion about Ripple was a “joking.”
“I was kidding it, but I removed it because I was afraid I might take it seriously,” Schwartz said.
In late April, Bloomberg reported that the circle had rejected a $5 billion offer from Ripple.
According to Fortune, Coinbase reportedly competed with Ripple for the acquisition.
There has been a lot of speculation over the informal takeover talks, and some unfounded rumors claiming Ripple is happy to diverge into a $20 billion fork to buy USDC issuers.
“We definitely didn't offer a $2 billion circle,” Garlinghouse excluded at a recent event.
Circle IPO success
Circle itself, which is preparing to hold an early public offering (IPO) this week, has closed its acquisition talks.
Its IPO is said to be oversubscribed by over 25 times. This indicates strong demand for Stablecoin products.
The well-known fintech company is currently seeking a $7.2 billion valuation.
