ANZ has confirmed it is in discussions with Kohlberg Kravis Roberts & Co. (KKR) about a potential acquisition of MYOB. Twitter sues Musk. Follow updates here.
Zip management need to provide further clarity on how they plan to achieve profitability as well as provide the market with more frequent updates on its earnings.surprise collapse of the Zip-Sezzle merger on Tuesday
Beadle also questions whether Zip should exit all its international operations, despite viewing its US business as ‘core’. He says that attempts to grow its US business to profitability will “require taking on more risky customers and add to its credit risk, which may potentially drive even larger losses”.
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