Exchanges· ★★★· neutral·

Moneyfarm rejects eToro takeover offer - report

  • —Moneyfarm rejected eToro's acquisition proposal
  • —Deal value and structure were not disclosed
  • —eToro is a brokerage with crypto and trading operations; Moneyfarm is an Italian robo-adviser
Why it matters: A deal would have expanded eToro's reach in European managed investing; the rejection keeps Moneyfarm independent.
Source: Seeking Alpha Crypto
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