According to CoinVoice, the Wormhole Foundation has stated that the LayerZero Foundation previously proposed to acquire the Stargate cross-chain bridge and its STG tokens for $110 million. Wormhole believes this offer is too low and undervalues Stargate's strong growth. The Wormhole Foundation is preparing to submit a higher bid and has requested a suspension of the ongoing snapshot voting for 5 working days. On August 11, the LayerZero Foundation proposed to acquire the Stargate cross-chain bridge and its STG tokens for $110 million. According to the terms of the proposal, the STG tokens will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at an exchange rate of 1 STG for 0.08634 ZRO, which values each STG at $0.1675 and each ZRO at $1.94. [Original link]