Gillian Tan, Columnist

OnDeck's Bumpy Ride Isn't Over

A merger between the online lender and rival Kabbage would have its benefits, but one seemingly insurmountable hurdle, too.

March 23, 2017 at 7:40 PM UTC

By Gillian Tan

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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On Deck Capital Inc. jumped as much as 11 percent on Thursday after a report that the New York-based online lender is an acquisition target of closely held rival Kabbage Inc.

How realistic is a deal? Not very. That means for shareholders who have already endured quite a roller-coaster ride, it's not over yet.