SoFi Technologies agrees to take over most of PrimaryBid, Sky News reports

SoFi Technologies (SOFI) is acquiring most of the assets of PrimaryBid, ending the British fintech’s independent operations while enabling a partial return of capital to its investors, Sky News’ Mark Kleinman reports. “While the company’s financial position remains healthy, with many years of cash runway, this is viewed as the optimal outcome for shareholders given domestic market conditions,” PrimaryBid told its owners in a letter seen by Sky News.