Zip and Sezzle have agreed to terminate their merger deal, citing changing macro and market conditions.
“We believe that mutually terminating the merger agreement with Sezzle at this time is in the best interests of Zip and its shareholders, and will allow Zip to focus on its strategy and core business in the current environment,” said Zip chairman Dianne Smith-Gander.
Investors had raised questions about the all-scrip deal originally valued at $491 million, as the sector has taken a beating and concerns have grown
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