Search results for "VIVO"
2025-12-18
05:06

U.S. publicly traded company VivoPower plans to spend $300 million to acquire shares of Ripple Labs

VivoPower plans to acquire a $300 million stake in Ripple Labs through a new joint venture, allowing investors to indirectly access nearly $1 billion worth of XRP assets. Vivo Federation has been approved by Ripple and will no longer be able to invest with its own funds in the future, instead relying on management fees and revenue sharing to generate income, with a goal of achieving a $75 million return within three years.
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