- Buy now, pay later company Zip Co (Z1P) confirms it is looking to buy Sezzle (SZL), following media speculation
- The two financial companies have confirmed discussions of a potential merger, however making it clear that a deal has not been made
- The parties also made it clear that a deal might not happen
- On the market today, Zip was up 3.35 per cent and is trading at $3.39 per share and Sezzle was up 20.8 per cent and trading at $2.59 per share
Buy now, pay later company Zip Co (Z1P) has confirmed it is looking to buy Sezzle (SZL), following media speculation.
The two financial companies have confirmed discussions of a potential merger, but made it clear that a deal has not been made and that there is no certainty there will be one.
“There is no certainty at this time that these discussions will result in a transaction,” Sezzle said in its statement to the market.
Zip and Sezzle will update the market if a deal is agreed.
“The Zip Board remains committed to ensuring any transaction delivers value to shareholders and will always be disciplined in its assessment of potential opportunities,” Zip said.
“It will only pursue transformational transactions that help accelerate the delivery of Zip’s broader strategic objectives such as enhanced scale in core markets, improved customer and merchant propositions and a faster path to profitability through significant synergy opportunities.”
On the market today, Zip was up 3.35 per cent and is trading at $3.39 per share and Sezzle was up 20.8 per cent and trading at $2.59 per share at 10:18 am AEDT.