Nubank Denies Active Monzo Takeover Talks After Shares Plunge
19 Articles
19 Articles
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BizTocNu Holdings Jumps 3% After Ruling Out Monzo Deal; SoFi and Robinhood Sit Out the Rally
Nu Holdings stock surged while SoFi and Robinhood barely flinched, and the reason comes down to a single statement the Brazilian fintech issued about a deal it never confirmed in the first place.
Nubank denies active Monzo takeover talks after shares plunge
Brazilian fintech Nubank has denied it is in active takeover talks with digital bank Monzo after shares in the firm plunged on speculation of a deal. The Latin American giant denied on Wednesday night that it was pursuing an acquisition of the UK fintech darling. While the firm said it does not generally comment on [...]
The Nubank sent a statement to the Securities and Exchange Commission (SEC, the US CVM), denying that it seeks to buy the British Fintech Monzo, after reports from the European press in this sense in recent days. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Nu Holdings (NU) Stock: Gains as Company Denies Monzo Acquisition Talks
TLDR Nu Holdings confirmed Wednesday it is not pursuing any transaction with U.K. digital bank Monzo. The statement responded to recent media speculation about a possible deal between the two fintech firms. Nu said its capital allocation framework remains unchanged, with no shift in investment...
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