News Formal

Robinhood lands steep 60% discount on $170M exchange acquisition: Report

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Robinhood cited poor market conditions in demanding the 60% discount, which Ziglu has reportedly accepted as its the 'the best and only reasonable path forward for the company”

Robinhood's acquisition of Ziglu is part of the company's plans to make a headway in the UK market, but the Robinhood team led by CEO Vlad Tenev may have to go back to the drawing board if Ziglu refuses the new offer.However, the new terms seem to have left Ziglu between a rock and a hard place.

A representative from Ziglu did not immediately respond to a request for comment. Hipperson told fintech news outlet Altfi that “we believe the revised proposal...is the best and only reasonable path forward for the company” despite expressing concerns of the revised figure. Ziglu’s last round of funding was closed last November and bumped share prices in the company up to $58.12. The new deal drops the share price to $34.04.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Ouch

Why is everybodyy silent on thiss?

🚀 Thanks a millon.

Curious if anyones triied this?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The White Company’s statement vintage-inspired bedsheets are back in stockA luxurious way to upgrade any bedscape
Källa: RedMagDaily - 🏆 312. / 61 Läs mer »