UBS Acquires Credit Suisse for $3.2B After Receiving Offer from Justin Sun
On April 8th, 2021, UBS announced that it had acquired Credit Suisse for $3.2 billion after receiving an offer from Justin Sun, the founder of Tron. This acquisition marks a major milestone in the history of the Swiss banking industry, as it will create the largest financial services provider in Switzerland. The deal was first announced in February 2021, when Sun made an offer to acquire Credit Suisse. UBS then stepped in and offered to buy the bank for $3.2 billion. The deal was approved by both UBS and Credit