Lloyds Banking Group, the UK's largest retail bank, has signed a £120 million acquisition deal with digital wallet provider Curve. The official announcement is expected as early as next week. Curve confirmed to investors this week that a share purchase agreement has been completed, although the sale valuation is significantly lower than previous funding rounds, causing dissatisfaction among some early shareholders. IDC Ventures, the largest external shareholder with a 12% stake, has publicly opposed the transaction, expressing deep concerns over the conduct of Curve's management during the sale process. They have stated their intention to retain legal rights and take action if necessary. Curve, which has raised over £250 million in total funding, had its CEO previously warn that the company might run out of cash this year if the sale was not completed.