✉news BusinessStartups first seen 1 d ago, last 15 h ago, peak #3
Nubank denies Monzo takeover talk after $6 billion stock loss
Original: Nubank denies Monzo takeover talk after its stock lost $6 billion
Nubank, the Brazilian digital bank, has denied reports that it is considering a takeover of British challenger bank Monzo, according to Fortune. The denial came after a sharp drop in Nubank's share price wiped out roughly $6 billion in market value, prompting speculation about how the company might respond. Investors and fintech watchers are following the fallout closely as both banks are among the world's most prominent digital lenders.
Why now: A large sudden loss in Nubank's market value sparked acquisition rumors that the company had to publicly deny.
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- Nubank denies Monzo takeover talk after its stock lost $6 billion · Startup Fortune
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