Scottish fund manager Abrdn PLC is in talks to acquire online broker Interactive Investor, the companies said Saturday, the latest bet on the growth of individual-investor trading.
The companies didn’t disclose a possible sale price. According to a person familiar with the matter, any deal could value U.K.-based Interactive Investor at around £1.5 billion, equivalent to $2 billion. The companies are still discussing terms, and the talks could collapse without an agreement.
