According to @EricBalchunas, Trian and General Catalyst are acquiring Janus at a stated value of $7.5 billion, with no additional deal terms disclosed in the source (Source: @EricBalchunas on X, Dec 22, 2025). According to @EricBalchunas, the lack of details such as offer price per share, consideration mix (cash/stock), expected closing timeline, and regulatory approvals in the source limits immediate merger-spread modeling; traders may wait for an official press release or filing to quantify upside, downside, and deal risk once terms are published (Source: @EricBalchunas on X, Dec 22, 2025). According to @EricBalchunas, the source does not mention any cryptocurrency exposure or digital-asset products, indicating no direct crypto market impact is identified from this headline alone (Source: @EricBalchunas on X, Dec 22, 2025).