Nubank ends acquisition talks with Monzo
Nubank, Brazil's digital banking giant, has called off discussions to buy UK challenger bank Monzo. The talks ended days after news of a possible deal surfaced, with sources tying the move to a recent sharp drop in Nubank’s share price. No deal terms were finalized. The talks reportedly involved a multi-billion-dollar offer, but neither side issued a statement.
- Nubank and Monzo ended deal talks abruptly
- Nubank shares had a steep decline last week
- No official deal terms were agreed
- Both are leading digital banks in their markets
Sources covering this
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