Ameritrade Holding to Acquire Datek Online

New York Times says it will purchase 50% of Discovery's Discovery Civilization Channel, and more merger news

Brokerage Ameritrade Holding (AMTD ) agrees to purchase Datek Online Holdings in a deal valued at almost $1.29 billion in stock. Ameritrade plans to issue 216 million shares to pay for Datek. The group of private-equity firms that owns Datek would get a 50% stake in the new company. (4/8)

To continue reading this article you must be a Bloomberg Professional Service Subscriber.