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Cryptocurrency News

Robinhood lands steep 60% discount on $170M exchange acquisition-Report

08/19/2022

Less than a minute

2022.08.19 16:10

Robinhood lands steep 60% discount on $170M exchange acquisition-Report

Budrigannews.com – Stock and crypto investment platform Robinhood (NASDAQ:HOOD) has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions.

The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised its offer to $72.5 million after citing adverse market conditions. Ziglu CEO Mark Hipperson reportedly accepted the offer on Aug. 18.

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