In what would be its second acquisition for its financial unit this year, Thomson Corp. will pay $385 million cash for TradeWeb Group to enhance its online securities trading platform.
The Toronto financial data and services giant could add $150 million to the purchase price if TradeWeb meets growth targets over the next three years.
TradeWeb’s Internet-based technology provides institutional investors with data about the fixed-income market (government, corporate and municipal bonds) and the ability simultaneously trade with multiple dealers around the world.
Earlier this year, Thomson Corp. bought the 90 percent of Corporate Communications Broadcast Network that it did not already own.
Of course, if you want all the lowdown on the venture capital and M&A deal economy in the digital media sector, you can check out my latest report, “The Digital Media Deals Report Q1, 2004“
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