BTCFi project Babylon signs $100 million acquisition agreement with listed company AACG

Foresight News reports that BTCFi project Babylon has announced the signing of an acquisition agreement with the publicly listed exchange company ATA Creativity Global (AACG). Babylon will acquire a controlling stake in ATA for a total of $100 million, consisting of $30 million in new shares and $70 million in warrants, and will restructure the board of directors. The transaction is jointly executed by Baby BTC Strategic Capital and the Babylon Foundation.