Charles Schwab to acquire Forge Global for $660m.

Charles Schwab, an American multinational financial services company, agreed to acquire Forge Global, a provider of commodities and securities brokerage services, for $660m. “Our acquisition of Forge builds on more than half a century of Schwab innovating on behalf of individual investors, advisors and employers. Through Forge’s leading marketplace, we’re uniquely positioned to deepen liquidity, improve transparency, and further democratize access to this increasingly important source of wealth creation for investors. Schwab’s entry into this space also gives private‑share issuers more choice and liquidity for founders, employees, and early backers,” Rick Wurster, Charles Schwab, President and CEO.