The UK government has announced that it will pay $5bn for the iconic British bulldog.
Morgan Stanley (MS) will receive $3.1bn from the government in cash and stock options.
The deal will bring the UK’s bulldog’s stock market value to more than $100bn.
The deal is the largest deal for a bulldog in the UK since the late 1960s.
More than $1bn of the deal will be given to the UK Government in the form of government bonds.
In total, the government will receive cash, stock and options worth $7.1 billion, which are valued at $9.7bn.
The Treasury said the deal would increase the UK economy by £2.6bn and create 4,000 jobs.
Morgan Stanley has been in the bulldog business since 1912.
It is one of the world’s most recognisable brands and has made several international headlines including the 2012 Oscar-winning film, “Blackfish”.
Morgan Stanley’s purchase of the UK bulldog is part of a broader deal to strengthen the UK market, according to the government.
Prime Minister David Cameron said: “This deal will create more than 4,100 jobs and create up to £1.2bn in extra GDP, creating jobs in Scotland, Wales and Northern Ireland, and improving our economy in Scotland and across the UK.”
These two deals are part of our wider strategy to create hundreds of thousands of jobs in the country.
“As part of this strategy, we are bringing together the world class investment banking team of Morgan Stanley, who will now focus on providing strategic advice to government on investment opportunities across our economy.”
“This new business relationship will provide Morgan Stanley with access to the full range of investment banking services, which will allow the firm to strengthen its relationship with the Government and our trading partners,” a spokesperson for the company said.
“We are delighted to join forces with the UK Treasury to make this strategic partnership a reality.”
The UK government said it had signed a memorandum of understanding (MoU) with Morgan Stanley in order to strengthen a “close working relationship”.
The deal comes as the country’s stock markets are battered by the Brexit vote and the prospect of further economic turbulence, with the pound plunging to its lowest level in more than two years.