CORRECTION: Tradeweb Markets Inks ~$1.97B Deal To Acquire Trumid Holdings

Tradeweb Markets Inc. has announced a definitive agreement to acquire Trumid Holdings for approximately $1.97 billion. The deal includes $1.75 billion for the business and around $220 million for tax assets. Tradeweb, which facilitates over $3.0 trillion in value per day across various asset classes, aims to enhance its electronic credit trading capabilities through this acquisition.