Robinhood halves its bid for UK fintech Ziglu

Robinhood has cut its acquisition offer for UK fintech Ziglu.

Robinhood slashed the originally proposed deal size from $170 million to $72.5 million.

The new deal has been signed and approved by Ziglu’s board and its shareholders, according to Mark Henderson, Ziglu’s CEO.

The deal has been widely seen as Robinhood’s entryway into the UK market after previously canceling a 2020 launch.

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