Wormhole plans to acquire Stargate for at least 120 million USDC, surpassing LayerZero's offer

According to reports, the Wormhole Foundation recently announced that it has successfully arranged financing and made an acquisition offer for Stargate, planning an initial purchase price of 120 million USDC, which is higher than LayerZero's 110 million USDC. Wormhole hopes that this all-cash acquisition can provide maximum certainty and immediate liquidity for $STG holders, avoiding any delays or exchange risks. It was also reported that Wormhole proposed to suspend the related vote on 'LayerZero acquiring STG.'