Tradeweb Markets to Acquire Trumid Holdings for $1.97 Billion

Tradeweb Markets Inc. (TW) has signed a definitive agreement to acquire financial technology company Trumid Holdings LLC for approximately $1.97 billion, subject to adjustments. The consideration comprises about $1.89 billion in cash and $82 million in equity, with $1.75 billion allocated to the business and roughly $220 million to acquired tax assets. Tradeweb will fund the cash portion primarily through cash on hand. The transaction is expected to close in the first half of 2027. CEO Billy Hult said the deal advances the company's effort to make credit markets more efficient and give clients smarter ways to access liquidity. The acquisition is expected to be accretive to Tradeweb's adjusted earnings per share within the first full year after closing.