Robinhood has re-negotiated its deal to acquire Ziglu, an exclusive report from AltFi reveals.
In Brief:
The trading giant announced in April that it would be acquiring cryptocurrency platform Ziglu.
The deal was initially agreed at $170mn.
Now, it has been revised to $72.5mn according to documents seen by AltFi.
What does this mean?
According to AltFi, CEO Mark Hipperson says that the board has spent a significant time negotiating with Robinhood and believes “the revised proposal... is the best and only reasonable path forward for the company”.
