Morgan Stanley to buy Eaton Vance for $7bn

Jonathan Stapleton
clock • 2 min read

Morgan Stanley has agreed to buy Eaton Vance for $7bn (£5.4bn) – a move that will nearly double the size of its investment management business.

Eaton Vance currently has around $500bn in assets under management (AUM). Following the acquisition, Morgan Stanley Investment Management (MSIM) will have AUM of $1.2trn and revenues of over $5bn. ...

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