eToro Plans to Acquire Online Broker TradeZero for Up to $231 Million
Source：
www.reuters.com
According to Reuters, eToro announced it has agreed to acquire US online broker TradeZero in a cash-and-stock deal, with a total transaction value of up to $231 million, aiming to accelerate its expansion in the US market. The acquisition of TradeZero is expected to expand eToro's retail customer base and enhance its trading infrastructure capabilities. eToro CEO Yoni Assia said the deal will be an important step for the company in building its US business, helping to launch new products to US users faster and improve service capabilities.
