– British asset manager Abrdn Plc is in advanced discussions to buy an online investment service Interactive Investor for more than 1.5 billion pounds ($2.02 billion), Sky News reported https://bit.ly/3bLPOq7 on Saturday.
Asset manager Abrdn confirmed that it is currently in discussions with J.C. Flowers & Co regarding a potential acquisition of Interactive Investor, the company said in an emailed statement.
There can be no certainty that the discussions will result in a transaction, the company added.
Last month, the company acquired a subscription-based investment tips service called Finimize, the report added.
($1 = 0.7414 pounds)