Thomson Financial Confirms TradeWeb Buy


Thomson Financial last week confirmed widespread rumors that it will acquire fixed-income portal TradeWeb.

The closing price was $385 million in cash, plus contingent payments of up to $150 million over the next three years, based on revenue growth targets, for a total of $535 million. Thomson officials say the revenue targets are based on TradeWeb’s current growth rates, which haven’t been disclosed. Industry estimates of the total purchase price had ranged from $400 million to $600 million

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