Sources: the Trump administration is considering an initiative to promote use of dollar-denominated stablecoins overseas, including via JVs with private firms (Bloomberg)
The Trump administration is considering an initiative to promote the use of dollar-denominated stablecoins overseas …
Schneider Electric is nearing a deal to acquire Shelly Group, a Bulgaria-based smart home device maker. The deal values Shelly Group at €1.27 billion, excluding debt, according to Bloomberg.
The acquisition would add to Schneider Electric's presence in the smart home market. Shelly Group makes a range of smart devices for homes.
Details of the deal, including its timing and terms, are not specified in the reports. Schneider Electric and Shelly Group have not made an official announcement on the matter.
Brief written by urgent.news from Techmeme, Investing.com, Bloomberg — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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