The Charles Schwab Corporation (SCHW) announced it has entered into a definitive agreement to acquire Forge Global Holdings (FRGE) in a transaction valued at approximately $660M. Forge operates the premier private market platform and a leading trading marketplace through which investors have bought and sold more than $17B in private company shares. Under the terms of the agreement, Schwab will acquire all of Forge’s issued and outstanding common shares for $45 cash per Common Share. The transaction has been unanimously approved by the Boards of Directors of Schwab and Forge. The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including approval by Forge’s stockholders and regulatory approvals. Forge’s two largest stockholders, Motive Capital and Deutsche Borse, have entered into agreements committing to support the transaction.
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