Schwab Acquires Forge Global for $660 Million
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Charles Schwab has agreed to acquire Forge Global Holdings, Inc. for approximately $660 million, purchasing all outstanding shares at $45 each in cash. The deal, approved by both companies' boards, is expected to close in the first half of 2026, pending customary conditions. Forge is known for its private market platform that facilitates trading of private company shares. Major shareholders Motive Capital and Deutsche Börse support the transaction.
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