Robinhood Retains Interest in Ziglu But For Half the Agreed Valuation — DecentReviews Blog
Commission-free trading platform Robinhood has renegotiated with the Board of Directors of UK fintech firm, Ziglu on its plans to continue with the proposed acquisition. However, they’re now offering half the estimated cost.
Robinhood announced earlier in the year that it has reached an agreement to acquire Ziglu at a price of $170 million. In this new offer, the price is pegged at $72.5 million.