Morgan Stanley / E*Trade 2020
Morgan Stanley acquired E*Trade for $13B on February 20, 2020.
- Target
- E*Trade
- Acquirer
- Morgan Stanley
- Deal value
- $13B
- Announced
- February 20, 2020
- Sub-sector
- Wealthtech
Transaction overview
- Morgan Stanley announced the acquisition of E*Trade on February 20, 2020 for $13B.
- The deal is expected to close pending customary conditions.
Strategic rationale
Morgan Stanley acquires online brokerage E*Trade, adding a direct-to-consumer digital wealth and self-directed trading platform.
Deal terms & multiples
Frequently asked questions
How much did Morgan Stanley pay for E*Trade?
Morgan Stanley acquired E*Trade for $13B, announced on February 20, 2020.
When did Morgan Stanley announce the acquisition of E*Trade?
Morgan Stanley announced the acquisition of E*Trade on February 20, 2020.
What sub-sector is E*Trade in?
E*Trade is tracked in the Wealthtech sub-sector.
Sources
- morganstanley.com /press-releases/morgan-stanley-to-acquire-e-trade