BNPL bloodbath: Zip merger falls apart as CBA takes $2b hit on Klarna - Sydney Morning Herald

Zip has scrapped its merger with fellow buy now pay, later operator Sezzle as Klarna’s valuation falls and Assistant Treasurer Stephen Jones warns of new regulation.

We believe that mutually terminating the merger agreement with Sezzle at this time is in the best interests of Zip and its shareholders, and will allow Zip to focus on its strategy and core business … [+2756 chars]

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