Deals
Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood
- FTX chief says that he’s ‘excited’ about Robinhood’s prospects
- Robinhood surges on Bloomberg report, triggering trading pause
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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.
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.