Ashton Kutcher-backed fintech Brigit nears $460 million sale to Upbound, sources say [Yahoo! Finance Canada]
Upbound Group, Inc. (UPBD)
Company Research
Source: Yahoo! Finance Canada
(Reuters) - Fintech startup Brigit, which counts the venture capital firms of actor Ashton Kutcher and basketball star Kevin Durant among its investors, is nearing a deal to sell itself to financial services firm Upbound Group, people familiar with the matter said. The cash-and-stock deal is worth around $460 million and could be announced as soon as Thursday, said the sources, who spoke on condition of anonymity to discuss confidential deliberations. Both Upbound and Brigit did not immediately respond to requests for comment. The combination will help Upbound expand its product offerings to credit-poor consumers and give it access to Brigit's data modeling and technology platform, allowing it to create more accurate customer financial profiles, the sources said. Rising inflation has pushed up prices and squeezed low-income Americans, who have few liquid resources, such as bank savings. Low-income households are on track to have fewer liquid assets this year than projected be
Show less
Read more
Impact Snapshot
Event Time:
UPBD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UPBD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UPBD alerts
High impacting Upbound Group, Inc. news events
Weekly update
A roundup of the hottest topics
UPBD
News
- Upbound Group Enters Definitive Agreement to Acquire Brigit, a Leading Financial Health Technology Firm, for up to $460 MillionBusiness Wire
- Upbound Group, Inc. Increases Quarterly Cash Dividend by Over 5% to $0.39 for the First Quarter of 2025Business Wire
- Upbound Group, Inc. (NASDAQ: UPBD) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- Upbound Group, Inc. Collaborates with Google Cloud to Transform Customer Experience with a Comprehensive AI Roadmap [Yahoo! Finance]Yahoo! Finance
- Upbound Group, Inc. Collaborates with Google Cloud to Transform Customer Experience with a Comprehensive AI RoadmapBusiness Wire
UPBD
Earnings
- 10/31/24 - Beat
UPBD
Sec Filings
- 11/6/24 - Form 4
- 10/24/24 - Form 4
- 10/24/24 - Form 4
- UPBD's page on the SEC website