Tuesday, November 6, 2007

ING Buys Sharebuilder For $220M

ING Direct, the Internet banking operation of banking giant ING, said Tuesday that it has agreed to buy Sharebuilder, the Bellevue-based online brokerage firm. ING said it will pay $220M for the company, as a part of a push to extend its retail investment products in the U.S. According to ING, the deal is subject to approval and is expected to close by the end of 2007.