JP Morgan Is Still Cleaning Up Its ‘Disastrous’ $175M Frank Acquisition

  • 📰 Forbes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

JP Morgan paid $175 million for a startup it believes it was conned into buying. Now, amid an ongoing legal battle, it’s got to clean up a very public mess.

the deal as"a huge mistake," the financial giant continues to deal with the fallout.

Got a tip about Frank or JP Morgan? Or other stories we should know about? Reach out to Alexandra S. Levine at alevine@forbes.com or 526–1242 on Signal/WhatsApp, and Iain Martin at iain.martin@forbes.com. “After conducting several meetings with Javice to learn about Frank’s business, JPMC initially opted not to pursue a transaction,” it says. But later that year, “following renewed contacts from Frank and its investment bank LionTree Advisors,” the deal was back on the table. LionTree declined to comment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Do find enough evidence,to honored the devolution? Because my federal from 4 branches still,in someone else's hand's...🤔

If JPMORGAN can't do it's due diligence, tough * on them. We all need to.

There is something fishy on both side... Can JP Morgan read a balance sheet?

Due diligence guys

Really? Chase 🤦🏻‍♂️ ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines