eToro is considering acquiring U.S. online brokerage TradeZero for up to $231 million

BlockBeats News, August 11th - eToro Group Ltd. announced today that it has reached an agreement to acquire TradeZero, an online brokerage focused on the U.S. market and primarily serving active traders.

Under the terms of the agreement, eToro expects the total consideration for this acquisition to be up to $231 million, including cash and up to 2.5 million shares of Class A common stock to be issued by the company. The specific amount will be subject to customary adjustments based on the prevailing trading prices.