Deals
Wonga Said in Talks to Buy On Deck Capital in U.S. Push
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Wonga.com Ltd., the U.K. provider of online loans, is in discussions to acquire U.S. small business lender On Deck Capital Inc. as it looks to expand into North America, according to a person familiar with the situation.
The deal may be valued at just less than $250 million and discussions are at an advanced stage, said the person, who asked not to be identified discussing a private matter. The two sides may still fail to reach an agreement, the person said.