Sam Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood

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https://www.bloomberg.com/news/arti...man-fried-s-ftx-seeking-to-buy-robinhood-hood


Sam Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood
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Sam Bankman-FriedPhotographer: Sarah Silbiger/Bloomberg
Annie Massa, Matthew Monks and Katie Roof
June 27, 2022 at 12:04 PM PDT

Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets Inc., according to people with knowledge of the matter, Bloomberg News reports.

FTX is deliberating internally how to buy the app-based brokerage, one of the people said, asking not to be identified because the matter isn’t public. Robinhood hasn’t received a formal takeover approach from FTX, another person said. No final decision has been made and FTX could opt against pursuing a deal, the people said.
 
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