Chime spent much of this year trying to buy lending startup DailyPay, but both of its offers–including a $2 billion bid–were rejected, according to people with direct knowledge of the deal talks.
The talks died during the second half of the year, the people said, with one of them characterizing it as a slow wind-down in recent months. Chime offered $1.6 billion for DailyPay in May, comprised of $300 million in cash, $1.2 billion in stock and $100 million in restricted stock units. It sweetened its offer in June to $2 billion, with $700 million of that in cash, $1.2 billion in stock and $100 million in RSUs.
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