Tradeweb agrees to buy bond-trading platform Trumid for about $1.97B
Tradeweb will pay about $1.89B in cash and $82M in stock. The price covers $1.75B for the business and about $220M for tax assets. Trumid runs an electronic marketplace for US dollar corporate and emerging-market bonds. Closing is targeted for the first half of 2027.
Tradeweb will pay about $1.89B in cash and $82M in stock. The price covers $1.75B for the business and about $220M for tax assets. Trumid runs an electronic marketplace for US dollar corporate and emerging-market bonds. Closing is targeted for the first half of 2027. (Tradeweb, SEC 8-K exhibit; Markets Media)