eToro agrees to acquire TradeZero for up to $231 million

ETOR Etoro Group Ltd

$21.56 -7.55%

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1. 1eToro (ETOR) has agreed to acquire U.S.-focused online broker TradeZero for up to $231 million.
2. 2The consideration consists of cash and up to 2.5 million newly issued Class A common shares, and TradeZero posted roughly $80 million in revenue and an 81% gross margin over the past 12 months.
3. 3eToro cited the expansion of the U.S. stock market as the rationale, but its share price fell about 10.5% on Tuesday, with the deal expected to close in the first half of 2027 following regulatory approval.

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