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Former Barclays boss Bob Diamond ends Spac tie-up with crypto firm Circle

The deal gave Circle an enterprise value of $4.5bn, and was struck at a time when the crypto sector was flying high

Bob Diamond said he was disappointed the proposed transaction timed out
Bob Diamond said he was disappointed the proposed transaction timed out Photo: Simon Dawson/Getty Images

A blank cheque company headed by former Barclays boss, Bob Diamond, has called off its planned merger with crypto firm Circle.

Circle and Concord Acquisition Corp — the special purpose acquisition firm where Diamond is chair — announced the "mutual termination" of their tie-up on 5 December.

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