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

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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.

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JP Morgan Is Still Cleaning Up Its ‘Disastrous’ $175M Frank AcquisitionJP 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. Ali_Lev _IainMartin They bought this person?!
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JP Morgan Is Still Cleaning Up Its ‘Disastrous’ $175M Frank AcquisitionJP 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. What happened? Who is she? Who else did that happen to? Saying having more users and then having to buy? LOL !
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