TNW | Merge-and-acquisition
Nubank’s owner is in talks to buy Monzo at up to £10bn
Nubank owner Nu Holdings is in early talks to buy Monzo in a deal that could value the UK digital bank at £8bn to £10bn. Monzo is also weighing a new funding round.
Via TNW | Merge-and-acquisition
·Excerpt
Monzo is in talks about a sale to Brazil’s Nu Holdings, the owner of Nubank. A deal could value the British digital bank at between £8bn and £10bn, Mark Kleinman reported for Sky News on Saturday.
The talks are at a relatively early stage, according to Sky News. Monzo has hired Morgan Stanley and Qatalyst to advise it, and the outline terms are under negotiation. A deal would likely be paid in cash and shares.
Nu has held discussions to…
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