On Wednesday evening, Bloomberg’s Gillian Tan and Matthew Monks, citing people with knowledge of the matter, reported that Envestnet is exploring the sale of Yodlee, a data-aggregation firm that it bought in 2015 for $590M. The report also cites commentary from Raymond James analysts last month who stated that “persistent deterioration in the Yodlee business” is a cause of real concern for Envestnet.
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