UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation (Denny Jacob/Wall Street Journal)

Denny Jacob / Wall Street Journal: UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation  —  Deal announced in January was for all-cash transaction valued at $1.4 billion  —  UBS UBS .71%▲ Group AG …

Sep 3, 2022 - 09:06
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UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation (Denny Jacob/Wall Street Journal)

Denny Jacob / Wall Street Journal:
UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation  —  Deal announced in January was for all-cash transaction valued at $1.4 billion  —  UBS UBS .71%▲ Group AG …