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Nu Holdings (NU) shares jumped after hours on Wednesday after the Nubank parent denied reports it was pursuing an £8 billion-to-£10 billion takeover of Britain's Monzo, reversing an earlier selloff.
Nu Holdings clarified it is not pursuing a transaction with Monzo amid media speculation, stating its strategy and capital allocation framework remain unchanged.
Nu Holdings said it is not pursuing a deal with Monzo.
Nu Holdings: Not Pursuing Deal With Monzo