Thomson announces TradeWeb acquisition

technology news


Information services provider Thomson Corporation has announced the acquisition of TradeWeb, an online global trading platform for fixed-income securities, for $385 million in cash plus contingent payments of up to $150 million over the next three years, according to a press release.

TradeWeb is owned by a group of eight investment banks—including Credit Suisse First Boston, Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, JPMorgan and Deutsche Bank—and offers an

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