Announced

Barclays to acquire Best Egg for $800m.

Synopsis

Barclays, a global financial services company, agreed to acquire Best Egg, a leading US direct-to-consumer personal loan origination platform, for $800m. "The deep and sophisticated US consumer finance market offers rich prospects for growth at Barclays. The Transaction will strengthen our US Consumer Bank and offers an exciting opportunity to significantly bolster our capabilities in personal lending," C.S. Venkatakrishnan, Barclays Group Chief Executive.

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MergerLinks - Barclays to acquire Best Egg for $800m.