Working Capital in M&A: Why the Purchase Price Is Not Always the Final Price
In an M&A transaction, the headline purchase price can look definitive long before the deal actually reaches its final economic settlement. A buyer and seller may agree to a $100 million enterprise value, sign the purchase agreement and close the transaction. Yet the amount ultimately paid can still move after closing because the business is […]
Paolo Ardoino: How Tether’s CEO Is Building Beyond Stablecoins
Paolo Ardoino has become closely associated with Tether and its USDT stablecoin. But by 2026, describing his role only in terms of stablecoins no longer captures the direction of the company. Under Ardoino, Tether is increasingly investing in gold, payment infrastructure, blockchain technology, artificial intelligence, energy and private credit. The expansion is significant because Tether […]
