According to Sky News, the UK's largest retail bank, Lloyds Banking Group, has signed a £120 million acquisition deal with digital wallet provider Curve, with an official announcement expected as early as next week. Curve confirmed to investors this week that the share purchase agreement has been completed, but the sale valuation is far below previous funding rounds, sparking strong dissatisfaction among some early shareholders. The largest external shareholder, IDC Ventures (holding 12%), has publicly opposed the deal, stating it is 'deeply concerned' about the behavior of Curve's management during the sale process and has declared it will reserve legal rights and take action if necessary. Curve has previously raised over £250 million in funding, and its CEO earlier warned that the company could run out of cash this year if the sale is not completed. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52035