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Published 2 years ago

UBS scraps $1.4 billion deal to buy Wealthfront

Summary by Ground News
UBS is walking away from a $1.4 billion all-cash deal to buy California-based robo-adviser Wealthfront. UBS Americas Inc. will buy a $69.7 million note convertible into Wealthfront shares. The bank announced the Wealthfront deal in late January, saying it would accelerate its growth ambitions in the U.S.

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