Sherwood Media Portfolio Grows With Aquisition Of Chartr Limited, A Data-Driven Media Company And Newsletter Publisher, To Its Portfolio Through An Acquisition By Robinhood Markets, Inc; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Sherwood Media, LLC, a subsidiary of Robinhood Markets, Inc. (HOOD), has acquired Chartr Limited, a UK-based data-driven media company and newsletter publisher. Chartr is known for its visual storytelling that simplifies complex data into understandable narratives. This acquisition aims to enhance Sherwood Media's content offerings, including Snacks, by providing readers with new ways to understand news and market trends. No financial terms of the acquisition were disclosed.
December 21, 2023 | 2:09 pm
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Robinhood Markets, Inc. has expanded its media portfolio by acquiring Chartr Limited, aiming to improve its content delivery and storytelling capabilities.
The acquisition of Chartr Limited by Robinhood's subsidiary Sherwood Media is likely to be viewed positively as it enhances the company's media and content capabilities. This could improve user engagement and retention for Robinhood's services, potentially having a positive short-term impact on HOOD's stock price.
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