Zip Co (ASX:Z1P) in discussions for Sezzle acquisition

Company News

by Lauren Evans

Zip Co (ASX:Z1P) has confirmed it is in discussions with US fintech Sezzle regarding a potential acquisition.

The buy-now-pay-later giant said there is no certainty that the discussions will result in a transaction. It will update the market accordingly.

Zip said the board remains committed to ensuring any transaction delivers value to shareholders and that the company will always be disciplined in its assessment of potential opportunities.

Shares in Zip Co (ASX:Z1P) are trading 2.4 per cent higher at $3.36. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.