A&O advises Robinhood on pending acquisition of Ziglu
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A cross-border team of A&O lawyers has advised US-based commission-free stock trading and investing app Robinhood on its pending acquisition of UK electronic money institution and crypto asset firm Ziglu. With Ziglu, UK-based customers to buy and sell 11 cryptocurrencies, earn yield via ‘Boost’ products, pay using a debit card and move and spend money, including abroad, without fees.
The A&O team was led by partner and co-head of technology for EMEA Will Samengo-Turner together with senior associate Sam Brooks. Will comments: “These two businesses share synergies born from a common goal to remove barriers to a new generation of investors. We were very pleased to bring to bear our specific cross-border tech capability and expertise.”
More information on this transaction can be found here.
The transaction is subject to regulatory approvals.