http://ibtimes.i2p/robinhood-takes-over-ziglu-100-million-less-initial-offer-3603700
"As we look to expand internationally, we're excited to announce that we've signed a deal to acquire Ziglu Limited, a UK-based electronic money institution and cryptoasset firm," Robinhood CEO Vlad Tenev said announcing the deal in a blog post in April. The total market capitalization of the crypto space has declined by almost 40% since April, which is a major reason why Robinhood is recalculating the amount it can spend for the Ziglu acquisition, CoinGecko reported.