Envestnet is reportedly considering the sale of Yodlee, a data aggregator that has proven challenging for the firm, with regulators scrutinizing its operations. The data unit, purchased in 2015 for $590 million, has caused financial strain and distraction for Envestnet. Analysts believe the sale could realize between $300 million and $400 million, but challenges and regulatory issues may impact the sale’s viability.
Envestnet Finally May Dump Yodlee, Says a Bloomberg Report, but Either Way it Remains a ‘wasting’ Asset as Regulators Crack Down, an Analyst Says
