Morgan Stanley to buy E-Trade in $13 billion deal

Morgan Stanley, moving to improve its digital game. will acquire E-Trade Financial Corp. in a deal worth $13 billion. The all-stock deal will give E-Trade shareholders 1.0432 Morgan Stanley (NYSE: MS) shares for each E-Trade (NASDAQ: ETFC) share, or $58.74 based on the closing price of Morgan Stanley common stock Wednesday, according to a press release. The move comes after financial management rivals Charles Schwab Corp. (NYSE: SCHW) and TD Ameritrade Holdings Corp. (NASDAQ: AMTD) announced their…