EEB73425E7022DEB9279EC0399BDAB1A563FA844F22325901CB7B763B74DA1E3 Robinhood to Pay Less Than Half of Initial Bid for Crypto Firm Ziglu

Robinhood to Pay Less Than Half of Initial Bid for Crypto Firm Ziglu

– US-based brokerage app Robinhood has lowered its bid to acquire UK-based crypto fintech firm Ziglu from $170 million to $72.5 million.
– The move comes as a response to the current market conditions, which have seen many companies’ values decrease by 50-90%.
– Ziglu represents Robinhood’s best chance to expand its footprint into the UK, due to the company’s regulatory backing, customer base, and unique solutions.
– It is unclear when the new deal will be finalized, but Robinhood is evidently keen to go ahead with the acquisition.

 

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