2022-09-04
Wall Street Journal
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Swiss bank UBS terminates its $1.4B acquisition of robo-adviser Wealthfront and says it will buy $69.7M in Wealthfront convertible notes at the same valuation
Denny Jacob / Wall Street Journal :
2022-09-03
Wall Street Journal
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UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation
Deal announced in January was for all-cash transaction valued at $1.4 billion — UBS UBS .71%▲ Group AG …
2022-01-27
Bloomberg
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Swiss bank UBS to acquire robo-adviser Wealthfront, which has 470K+ US clients, for $1.4B in cash, as it aims to use AI to pitch services to the world's wealthy
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