mergers and acquisitions
Kidd's company will use 1,000 Bitcoin and additional cash to acquire the interest, and the former Ripple chief risk officer will become CEO and chairman of the board.
The acquisition brings the parties' cross-litigation alleging patent infringements to a close.
This comes five years after Advent Partners and Geoffrey Sayer, who became its CEO, bought the company.
The deal includes an additional $5 million that could be paid to Catapult based on its performance after the sale.