<p>Robinhood's stock price jumped as much as 12% on Monday afternoon on news that crypto exchange company FTX is internally mulling an acquisition bid.</p> <p><a href="https://www.bloomberg.com/news/articles/2022-06-27/sam-bankman-fried-s-ftx-seeking-to-buy-robinhood-hood" target="_blank" rel="noopener">Bloomberg</a> reported that, according to sources familiar with the matter, such discussions are taking place within FTX, which is led by Sam Bankman-Fried. The report stressed that no official bid has been received by Robinhood and that FTX may ultimately decline to pursue such a deal. </p> <p>$HOOD, which opened Monday at $8.12, popped as high as $9.72 once the Bloomberg report dropped — a move that prompted a temporary trading halt. The price has since lost some of those gains, and at press time is trading at $9.08. </p> <p>Bankman-Fried currently <a href="https://www.theblock.co/post/146681/sbf-takes-a-7-6-stake-in-robinhood">owns</a> a 7.6% stake in Robinhood, according to filings by the Securities and Exchange Commission. </p> <p>In media statements, Bankman-Fried said "there are no active conversations with Robinhood" about a possible deal.</p>